the distinctions are basically who owns the means of production and at the end the worker who provides profit to the company trough hard labor doesnt get any of the shares from it more that his hourly wage, but this cannot be tied with I pointed out directly in N. 2. we need to take in consideration that the worker is hired by a department that controls the C.E.O, the C.E.O is worth of these shares because all the proccess he made to get there, which is truly fair, is the opportunity and determination these workers may have in order to escalate and found their own companies with the experience obtained, and their ideas, because in a country like america, some things may be hard but no impossible
Adam Smith asically points out the value of the effort made to create profit from any source, it is not the product itself that needs to set the value or the price, but everything before it, the manufacturing, the marketing, the selling and the brand that provides true value and profit to the product. I do agree with Smith’s Quote because he use the value of labor to base a standard and it should be like that not only with products but also with anything we do, our effort set the worth of the result
I do agree that class is not an identity, it is part of the essence of all of us that grew up poor, but as a person that grew up in very humble conditions, I asked myself how can I change this? so I educated myself financialwise and spiritualwise and now I can’t say I am rich but I am able and open to more opportunities than when I was a teenarger. Now I can afford college, I have a job that allowsme to travel twice a year and my credit score is going up every month, and this is just the begining. all of this is because of being constant and patient, working hard and having a lot of faith
I do agree with the stated in the lecture about the dependecy and codependency among social classes, it is paradoxically and ironically true, a big company such mcDonalds cannot make profit without all its employees whose statiscally come from a working class or student background
