To "break a process down to components" is what the division of labour is, and the division of labour is nothing else but that. Smith didn't conflate shit. Spec

To "break a process down to components" is what the division of labour is, and the division of labour is nothing else but that. Smith didn't conflate shit. Specialization is a posterior an effect of the division of labour. There's no opposite division of labour, labour is divided in the same sense in the two cases: one worker straightens the pin, another sharpens it; a machine straightens it, another sharpens it. "Labour" does not just mean what a labourer does, it can mean what is to be done, "a labour", such as the labour of making a pin. If you had attempted instead to infer what Smith meant through the example, you'd not have written any of that.