Is someone really your "lord" if you can just choose for them not to be your "lord" and freely choose for them to be your "lord" if they compensate you well enough for your liking? I'd suggest we already don't have lords and the analogy doesn't really hold.
This is always a matter of degrees, and most jobholders have much less freedom to choose than your line of questioning assumes. In general, and especially for those people, maybe this is a good mental model for how to operate in a workplace. Power imbalances may actually be so unequal.
