Does this passage in 1 Timothy 6 condone/accept slavery?

I was speaking to my friend and he said that this verse condones slavery. However, I do not believe it does as the Bible would not accept slavery as it is not according to the love of God. What do you think? Here is the passage:

"Let all who are under a yoke as slaves regard their own masters as worthy of all honor, so that the name of God and the teaching may not be reviled. 2 Those who have believing masters must not be disrespectful on the ground that they are brothers; rather they must serve all the better since those who benefit by their good service are believers and beloved. Teach and urge these things."

Thanks.

1 Timothy 6:1 - 2

ESV - ¹ Let all who are under a yoke as slaves regard their own masters as worthy of all honor, so that the name of God and the teaching may not be reviled. ² Those who have believing masters must not be disrespectful on the ground that they are brothers; rather they must serve all the better since those who benefit by their good service are believers and beloved. Teach and urge these things.

Clarify • Share • Report • Asked August 23 2020 • Anonymous