{"resolved":true,"match_type":"uuid","source_type":"original_book","book_id":"10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","title":"Time for Things Labor, Leisure, and the Rise of Mass Consumption","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9780674250529","requested_by":"printed_page","book":{"source_type":"original_book","book_id":"10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","id":"10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","uuid":"10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","title":"Time for Things Labor, Leisure, and the Rise of Mass Consumption","normalized_title":"timeforthingslaborleisureandtheriseofmassconsumption","author":null,"edition":null,"publisher":null,"year":null,"isbn":"9780674250529","isbns":["9780674250529","9780674250536","9780674979512"],"parsed":true,"ai_readable":true,"document_type":"book","page_count":355,"navigation_url":"https://workshop.closeclaw.top/ai/book/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","title_url":"https://workshop.closeclaw.top/ai/title/Time%20for%20Things%20Labor%2C%20Leisure%2C%20and%20the%20Rise%20of%20Mass%20Consumption","fixed_page_url_template":"https://workshop.closeclaw.top/ai/book/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3/page/{printed_page}","path_api_url_template":"https://workshop.closeclaw.top/api/ai/book/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3/page/{printed_page}","read_url":"https://workshop.closeclaw.top/api/ai/read/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3","page_url":"https://workshop.closeclaw.top/api/ai/books/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3/page","search_url":"https://workshop.closeclaw.top/api/ai/books/10f0f318-a2eb-4ea9-8798-d4fb0304f8c3/search"},"page":{"printed_page":95,"pdf_page":103,"physical_index":103,"physical_index_base":0,"printed_page_status":"recognized","page_sha256":"5098a0ac5a74497b8d9b39abf92fdff5aced2230cfd3a75f66f29cf72b378852"},"chapter":"FOR","content":"1.3. Accounts for the Diferent Uses of Wage Income versus Investment Income\n\nThe theory of consumption as wage-labor commensuration entails that the identity of money—primarily whether it counts as wages or something else (e.g., interest payments)—has implications for how money gets used. This basic idea accords with work in economic sociology on the nature of money as a social institution. Economic sociologists and anthropologists have observed that money is not entirely fungible but rather has a social biography that determines its action in the world. The very general idea that the way in which money is acquired afects attitudes toward it, and consequently influences how it gets used, has a good deal of empirical support in the tradition of research stemming from Viviana Zelizer’s (1989, 1995) work on “special monies.” Money, according to Zelizer, is not a neutral medium or empty abstraction but, rather, has an identity or aura, bestowed on it as a consequence of its provenance. For example, windfalls are regarded diferently from wage earnings, while money gifts fall into still another category. The particular identity of money determines its use, and that identity is primarily a matter of the manner in which money is obtained. Where money comes from—how it is acquired—then influences whether and how it gets spent. For example, windfalls of cash, or money gifts, will tend to be spent in a more frivolous way than hard-earned wages (Zelizer 1994).\n\nIf Zelizer is right, and the provenance of money indeed determines its meaning, and consequently the uses to which it is put, then wage earnings will be treated diferently from other kinds of earnings—those derived from investment, as a result of an inheritance, gambling winnings, and so on. Consonant with Zelizer’s argument, the theory of consumption as wage labor commensuration posits that money received as wages is marked by its identity as compensation for labor, and that this identity influences what gets done with that money.\n\nA Theory of Mass Consumption as Wage-Labor Commensuration\n\n95","previous_page":94,"next_page":96}