- Reading 4.3 explains that the key difference between owners and employees is the source of their income. Owners earn money mainly from property, investments, or businesses they control. Their income comes from the labor of other people. Employees, on the other hand, must sell their labor in order to survive. They depend on wages or salaries. For example, a factory owner who earns profits from selling products is an owner. A worker in that factory who earns an hourly wage is an employee. The worker depends on the owner for employment, while the owner depends on the worker’s labor to generate profit.
2. I think labor is value. Money do not crate value, it only represents it. People through time, skills and produce it. That is truly value. For example, the wood in the forest, if not body cut it, transport it and make it to furniture. It’s only a tree.
3. I agree this. For example, my grandfather is labor, they don’t have more resource for my parents. So, they need to work so hard and don’t have more opportunities to be owner. However, a rich family, they will spend more money, time and share their relationship for their kid. It’s different identity class in social not just personal identity.
4.Workers depend on capitalists for jobs, and capitalists depend on workers to generate profits. This creates an interdependent but unequal relationship. For example, I work in restaurant, the boss pay me salary, but I need to pay my bills. Also, the restaurant through all employees to continue make money. If workers go on strike, the restaurant will loss money, the boss can’t make money. This shows how class relationships are based on mutual dependency, but with unequal power.
