Are Servants Employees?

In this Q&A, John MacArthur says the passages in Ephesians 6 and Colossians 3, which speak of masters and servants, “corresponds to employers and employees.”  I’ve heard this connection made before, but I’ve never been sure of it.  I’m no Greek expert, so I wonder if the best way of understanding doulos is as a voluntary employee.  Certainly, the word is used in the NT as one who follows Christ, so it doesn’t have to have a bad meaning, but can it be stretched to mean employee?  Does the concept of an employee, as we understand the term, even make sense in the first century Greek world?

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