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This essay sheds light on what is wage slavery, explicates how succumbing to wage slavery can increase the risk of people having a destitute standard of living, and expounds upon the problems with people succumbing to wage slavery. Succinctly stated, wage slavery is a term that delineates a calamitous predicament in which a person who works a real private sector employee job based on voluntary demand is dependent on receiving an infinitesimal hourly wage from his real private sector employer for him working his employee shifts so that he can reduce his risk of passing away from starvation and reduce his risk of passing away from hypothermia. A person who succumbs to wage slavery is dependent on a real private sector employer to furnish him with enough fiat currency for him working his employee shifts so that he can afford to purchase food and afford to retain a vehicle. A person who succumbs to wage slavery can wind up living in the real estate property of his family members, living in his vehicle, living in a tent, or living in a homeless shelter due to not earning enough fiat currency to be able to afford to purchase a real estate property. A person who succumbs to wage slavery often also does not earn enough fiat currency from working a real private sector employee job based on voluntary demand to be able to afford to attain an extremely low standard of living. As of December of 2024, the total cost to attain an extremely low standard of living can be eminently sizeable. In order to attain an extremely low standard of living, a person needs to earn enough fiat currency to be able to afford to not only pay the perpetually recurring room rental fee and be able to afford to not only purchase a vehicle, purchase functional vehicle parts, incessantly purchase food, incessantly purchase fuel for his vehicle, and incessantly purchase oil for his vehicle, but also needs to earn enough fiat currency be able to afford to pay the recurring auto insurance premium.