Personally, I'll wear a frilly pink and white collar, and a tie with dancing sugar plum fairies on it if the money's right :)
I think that everyone else has covered the basics, but if I had to make distinctions, I would say I'm a "blue collar" employee if I'm getting paid by the hour and make overtime. If I'm working under contract for a total job (I get paid the same amount whether it takes me 2 hours or 20 to finish), then I would consider myself a "white collar" employee.
Presently I'm getting paid by the hour, so....
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