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Jobs, occupations or trades are called employment. All activities in which a person is hired to perform a series of specific tasks in exchange for financial remuneration fall into this category: in the capitalist economic system, employment is the most important and widespread employment relationship, which is the fundamental cell of any company.
Two types of jobs are established: the formal (which is subject to regulations and registered with the State) and the informal (which is not).
The formal employment It is the legal one, and therefore the one that is subject to the corresponding taxes. The totality of the agreed money does not come from the employer to the employee, but a part arrives (the so-called net salary) and another (the so-called deductions) that may be a tribute that the employee does not receive, or some indirect perception: the most common are health coverage, and social security, which is a portion dedicated to when the employee no longer works.
This type of work must comply with the conditions established by the State, such as the minimum wage. It is mostly advantageous for employees, and states routinely create incentives to expand the number of formal employees - loosening regulations shouldn't be one of them.
Examples of formal work
| lawyer | Professor |
| Minister | Bank agent |
| Soccer player | Industrial Engineer |
| Proficient | President |
| Counter | Financial organizer |
Examples of informal work
| Cadet | Food deliveryman |
| Metalworker | Prostitute |
| Machinist | Cabbie |
| Field pawn | Photographer for a newspaper |
| Postman | Laborer |
The informal jobs On the other hand, they are those who are outside the law. Although they are prohibited, many times the State does not make much effort to combat it and even hires people under this modality.
It is usually associated with lower-skilled jobs, but sometimes even the most skilled jobs have this type of hiring: employees may prefer this type of hiring, despite the fact that, as mentioned, not having any type of coverage or insurance is much more unstable.
When it comes to illegal activities, of course the work is informal because it cannot be registered in any type of public agency, but there is also informal employment in legal activities.
See also: Examples of Underemployment
