1. What is the distinction that Reading 4.3 makes between owners and employees? Give an example of each.
    1. The distinction that reading 4.3 makes is that employees focus more on wages, salaries and fees while owners focus more on investments, property, and management. The differentiation among proprietors and workers is obscured fairly by the scope of earnings inside the two classes. owners allude to both the astonishingly affluent investors of giant companies and the struggling owners of little stores. Yet, the last option scarcely qualify as a component of the corporate claiming class. Along with plant and administration laborers, the representative class additionally remembers experts and chiefs who for money, training, and way of life will generally be recognized as “middle” or “upper-middle” class. Organization chiefs and leaders are representatives whose errand is to remove additional worth creating performance from different workers. Some top business leaders, corporate regulation yers, and amusement and sports figures appreciate such tremendous wages as to be capable in the long run to live off their speculations, essentially becoming individuals from the claiming class.
  2. How do you understand the quote by Adam Smith on pg. 28? What is it saying about labor?
    1. The quote by Adam Smith on pg.28, is saying that labor is the value of service and any product that you are paying for. Labor is the real value of and more labor the more value comes. For instance the more you work the more you get paid. Its like saying the harder you work the greatest it is.
  3. What are your thoughts on the main argument of Reading 4.4 that class is NOT an identity?
    1. In reading 4.4, my thoughts were that I believe class is an identity. In some cases people base themselves off their class. How a person or group of persons think of themselves in relation to others in society based on their economic and social position. Even though class is not something you can identify your self as but it is something people do. For example, there are people who is upper class and bully or make fun of people is in the lower class because to them lower class is poor and not capable of making the amount of money they make.

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