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Depends on the kind of slavery. Slavery has been a fixture of most economies, with the degree of force and inflexibility variable across societies. In one phase of the Ottoman Empire, slaves could own land and armies... but were still slaves. Likewise, dalits and buraku can become very wealthy because they're doing work that no one wants to do, but their status as low-class individuals persists. Some variants of slavery (such as modern sex slavery and early American racial/hereditary slavery) are brutal and horrible; others have been more benign.

The state of the American proletariat is not quite slavery, but it's getting there. It's a state of diminishing leverage that, uncorrected, will lead to a slave economy. In first-world countries like the EU and Canada, it's unimaginable that someone would lose everything because of a health problem. Now, if you want to avoid (err, make less probable) this fate, you have to get a job that provides health insurance. (Don't even get me started on the terrorist attack we call the individual health insurance market.)

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