Fully realized, economic freedom means that people have the agency and power to make decisions about their lives free from coercion.
The labor market, by itself, cannot provide economic security for all Americans. There will always be people who cannot participate in the paid workforce because of discrimination, disability, dislocation, caregiving responsibilities, recessions, and other conditions. And employment itself is a precarious basis for security as long as employers are determined to use their power to undermine labor standards wherever they can.
