Pensions hardly exist anymore. People don’t have a choice in using a 401(k) or similar as a retirement fund.
I think the simplest explanation is to look at where the person’s money is coming from. If they earn wages through labor, they are a worker. If they earn wages through business or property ownership, they aren’t.
Pensions hardly exist anymore. People don’t have a choice in using a 401(k) or similar as a retirement fund.
I think the simplest explanation is to look at where the person’s money is coming from. If they earn wages through labor, they are a worker. If they earn wages through business or property ownership, they aren’t.