The reason why Thami points out that there were many more slaves in Egypt than soldiers is to show the cruelty of the Pharoah in his building of the pyramids.
Thami references the building of the pyramids and laments that there are more slaves than there are soldiers in Egypt.
This refers to the subjugation of a person where he is reduced to a commodity to be bought and sold and used for labor.
Hence, we can see that based on the given poem, there is the narration by Thami about the use of slaves to build the pyramids in Egypt.
This observation also shows that there were many more slaves in Egypt than soldiers and this was to show the cruelty of the Pharoah in his building of the pyramids.
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