No, you are not close enough. This minimizes the seriousness of actual slavery to an extraordinary degree.
It does? In what way?
I think you underestimate the "normal" labor conditions in some places.
And I think you underestimate the reality of actual slavery.
There is nothing remotely comparable between slavery and a modern job. Feel free to make a more substantial argument as to how they are than "it's close enough"
You underestimate the reality of some "modern jobs" out there. There are garment workers in Bangladesh locked inside factories so we can enjoy cheap clothing. There are miners in the Congo working under militia control. There are migrant laborers in Gulf states with their passports seized, forced to work 12 hour shifts every day.
Some modern jobs absolutely contain elements of coercion, abuse, and exploitation that are comparable to forms of slavery.
If you spend pretty much all waking hours dedicated to some task you don't care about entirely to avoid dire consequences I'd say you are close enough. People might still want to use a different word to describe the same thing but it requires they care more about appearance than substance.