I had no idea. 20 years ago I came out of university and moved into a job. I spent the next ten years as an employee. Earned my wage. Spent my wage. Simple.
About ten years ago I got myself out of that world and set myself up in my own little business. As a self-employed management consultant, there have been financial ups and downs but by and large I reckon we've come out on top. And certainly the benefits of working for myself have outweighed being 'tied to The Man'.