1. What is the distinction that Reading 4.3 makes between owners and employees? Give an example of each.

The distinction between both owners and employers is the ranges of income both might get. Owners live off of the investments, stocks, bonds ,rents , mineral royalties, and other property income. While on the other hand the employers rely on wages , salaries and fees.  

2. How do you understand the quote by Adam Smith on pg. 28? What is it saying about labor?

Whatever money the employers  make is  what the employers live on. The amount of labor and amount of work they do is what they have to survive on. They have a limit of money they make so they try to  manage what they can with that set amount.

3. What are your thoughts on the main argument of Reading 4.4 that class is NOT an identity?

I do agree that class is not an identity. Your social class shouldnt define your placement in the world. I was raised by the mentality that not everybody has the opportunities or the money like I did. They might be people who live a more lavish life or there might be people who are just satisfied with having a roof over their head. A little bit runs a long way to them.

4. How do you understand the argument Reading 4.4. makes when stating that “class structures are built around a close form of dependency”? What is this close form of dependency, and can you think of an example?

Class structures are built around a close form of dependency because the workers depend on the capitalist. For example if I had a job I would depend on my boss to give me work to do for me to get paid.If I don’t get work I wont receive the money I get.