1. The distinction that Reading 4.3 makes between owners and employees is that owners are a member of the “owning class” due to their income being large. On the other hand, employees are under a salary and are more often than not paid less than the value that they create for more profit. For example, if a fast-food worker is paid $15 dollars an hour.
  2. Simply put, on page 28, Adam Smith is emphasizing the great weight and value that labor holds over the social class. Therefore, without labor there wouldn’t be an overarching system in place that dictates the overall cashflow of society but also a system in place where there are capitalists and the working class.
  3. My thoughts from Reading 4.4 that class is not an identity are that social classes are not an identity but rather a status. This is because an individuals status is determined by the amount of wealth that they possess or the place that they may be in within the hierarchy such as the working class as an example. Rather, identities are racial and gender based at its core.
  4. My biggest takeaway from Reading 4.4 on class structures being built around a close form of dependency is that capitalists around the country would not exist without the working class. It is because of the working class that the upper class are able to obtain wealth through profit which therefore forms an element of dependency. One prime example would be if a landlord owns an apartment building and suddenly everyone stops paying rent, then there would be no stream of income/profit. This would then lead to the downfall of the entire establishment that the landlord has built.

One thought on “Jordi Rosario – Discussion Board 4.2”

  1. And furthermore, on Q2, Jordi, without labor nothing will me made in human society, thus Adam Smith says that human labor (and the workers doing it) are the most important factor that gives a human-made object its value.

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