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William_S comments on Superintelligence 18: Life in an algorithmic economy - Less Wrong
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Having a low wage is just not like being a slave. The vast majority of humans who have ever lived were poor, but beside from the fact that slaves are also poor in a sense, the life of a typical poor person was not like the life of a slave. Ems might be poor in the sense of needing to work many hours to survive, but they would also have no pain, hunger, cold, sickness, grim, etc. unless they wanted them. Their physical appearance and surroundings would be what we'd see as very luxurious.
It seems like the benefit from this would reach some finite ceiling, ie. you get a constant benefit from not having to deal with these negative things and there's only so much pleasure you can get from luxurious surroundings.