I am surprised the last general strike was in 1926. I thought there were general strikes during the 1970s. While the 1920s were roaring in the United States, the UK was dealing with the economic impact from the Great War. Part of the economic pressure was Chancellor of the Exchequer Winston Churchill re-establishing the gold standard at the pre-war rate. This caused deflationary pressure as Britain could not compete with the United States and other countries with the overvalued pound. The General Strike in 1926 was in response to employers trying to cut the nominal wages of the workers. One sees the same forces with the government and Central Bank trying to prevent nominal wage raises to keep up inflation. One result of the 1926 strike was the Conservatives losing the 1929 election to Labour.
1 posted on
01/08/2023 7:22:20 AM PST by
C19fan
To: C19fan
I read the article and am not clear on what the unions want other than “more money”. Is there a specific policy or policies about which the government is going to have to negotiate?
2 posted on
01/08/2023 7:29:52 AM PST by
BenLurkin
(The above is not a statement of fact. It is either opinion, or satire, or both.)
To: C19fan
Give them everything they want.
Watch what happens.
3 posted on
01/08/2023 7:37:34 AM PST by
SaxxonWoods
(The only way to secure your own future is to create it yourself.)
To: C19fan
7 posted on
01/08/2023 10:07:24 AM PST by
Theoria
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