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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

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  1. Table of Contents • Marxism 11.26 • Marxism 11.27 MAKE UP WORK 11.27

  2. Marxism ___11.27

  3. 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

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

  5. 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.

  6. 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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