> Wage slavery refers to a situation where a person's livelihood depends on wages or a salary, especially when the dependence is total and immediate. It is a pejorative term used to draw an analogy between slavery and wage labor by focusing on similarities between owning and renting a person.
There is a difference between "slaves" in the popular sense (chains, beatings, whips, rape), and "slaves" in the economic sense, but both are premised upon the unjust abrogation of freedom at the hands of another.
This article describes the latter case quite well:
http://www.buzzfeed.com/jessicagarrison/the-new-american-sla...
Impossible to know for certain, but I suspect he wouldn't be terribly pleased with a comparison of the current "lower class" to real slaves.
But it's a real stretch of the imagination to say the current United States (especially post income tax and Social Security entitlements) is anywhere even close to post Civil War circumstances.