A combination of the words slavery and servitude (cf. "indentured servitude"). A
special form of unending slavery, in which you have the freedom to quit your job with an abusive employer, but are too financially strained and overworked to find another job. Becoming increasingly
common in western economy and
society where employees are disposable (and so can be abused mentally/worked to death) and wage increases have not kept up with inflation.
Person 1: Dude, you should really quit your job, they
treat you like
crap.
Person 2: Yeah, they do, but I barely make
rent and jobs are scarce. I guess I'm stuck in slavitude.