From Reading 4.3, I understand the difference between owners and employees as who owns the business versus who does the work. Owners make money from profits, while employees earn wages for their labor. For example, a company owner benefits from the work being done, but the worker only gets paid hourly even if the business makes more money. This shows how power and money are not shared equally, which is something Michael Parenti explains.
The quote by Adam Smith made me think about how workers create most of the value, but they don’t receive most of the reward. Even though labor is what keeps businesses running, workers usually get less compared to owners. To me, this shows that labor is important but often taken for granted.
I agree with Reading 4.4 that class is not an identity. I see class more as a position someone has in the economic system, not who they are as a person. Paul Heideman helped me understand that class is about work, money and power not culture or personality,
When the reading says class is built around a “close form of dependency” I understand that workers depend on jobs to survive, while owners depend on workers to make profit. A simple example is needing a paycheck to pay rent, while the employer controls hours and pay. That dependency keeps the class system going.