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Table of Contents. Marxism 11.26 Marxism 11.27 MAKE UP WORK 11.27. Marxism ___ 11.27. Capitalists: Robert Kraft (owner of the Pats) Worker : Tom Brady ( quarterback) Tom Brady  $6 million base salary for 2012

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Table of contents

Table of Contents

  • Marxism 11.26

  • Marxism11.27

    MAKE UP WORK 11.27


Marxism 11 27

Marxism___11.27


Table of contents

  • Capitalists: Robert Kraft (owner of the Pats)

  • Worker: Tom Brady (quarterback)

  • Tom Brady  $6 million base salary for 2012

  • Earns the Patriots likely $200 million from jersey sales, advertising, stadium tickets, etc.

  • Surplus value: $194 million


Table of contents

  • Means of Production: Gillete Stadium, locker rooms, jerseys, etc.


Reserve army

Reserve Army

  • The “unemployed” labor pool that capitalists can replace workers with.

  • Tom Brady’s “reserve army”: 2-3 other quarterbacks.

  • McDonalds employee “reserve army”: 2-3 billion.

  • Brady  $6,000,000

  • McDonalds employee  $ 6 / hour

  • Relationship between size of the reserve army and worker salaries:

  • The larger the reserve army, the lower wages Cs can pay Ws.


Classwork

Classwork

  • There are TWO 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. If you copy, you will receive half-credit for the assignment.


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