Post on 30-Dec-2015
transcript
• Why are the hardest working people sometimes the poorest?
• Why do the rich get richer while the poor get poorer? Why is society so unequal?
Think About This…
• Nabisco factory worker $10 / hour• In an average 8-hour work day, the worker
makes $200 worth of Oreo cookies.• Value of worker’s labor: $200• Value he is compensated (paid): $80• Surplus labor value (profit): $120
• It costs the Nabisco factory worker $80 to pay for his family’s food, gas, housing, utilities each day.
• $80 = subsistence (survival) level.• The worker can saves $0 each day because
Nabisco pays him subsistence level wages.
Karl Marx
• 19th century German philosopher/economist• Published in 1848 The Communist Manifesto.• Kicked out of Germany for his radical ideas.
Marxism
• Two types of people: capitalists aka bourgeoise (10%) and workers aka proletariat (90%)
• Ws produce labor value ($200 of cookies each day by working)
• Cs produce nothing- exploit the surplus labor value ($120) of workers to survive.
Why do the workers have to go along with this system?• Cs pay Ws subsistence level wages to keep Ws
down. • Cs control the means of production.
Means of Production
• The things needed to make commodities/ products Ex: MoP for an apple:farm landSeedswaterfarm machines / pesticide
Ex: NBA game:Jerseysstadiumbasketballbroadcasting equipment
Classwork• There are FIVE small sections of reading in the packet. Find a
partner and divide up the reading/questions. Write the answers in your notebook.
• Do not just write the answer! You won’t understand it later on when you use your notes to review. Ex:
1. When the capitalist takes more money beyond what is needed.1. Surplus value: When the capitalist takes more money beyond what is needed.• Make sure you write the date (11.26) in your notebook and
underline/highlight key terms. • Do not copy from your classmates- have them explain/read
their answers to you.
Homework (Due Tuesday 11.27)
• Finish the reading and answer ALL questions in your notebook ready to be checked off tomorrow.
• Have your video notes complete and ready to be checked off tomorrow.
Ways points will be taken off
1. Only wrote the answers down…
-3 points
2. Late -5 points3. Only partially done Depends on how much is
complete/quality of answers