Same as peonage, except that peonage can refer to a group or
class of peons as well as a condition ("
served in conditions of peonage"). "Peonry" refers only to a group or
class of peons.
From an online article about
McDonald's and their resistance to paying a living wage: "Holders of
McDonald’s stock will not
care either, remaining comfortably in the shadows as they enjoy their completely unearned (in the sense that McDonald’s peonry earns its wages) dividends."