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French strikes

The French strike: impressions of a man on the spot

The present unrest among the French wage-workers, as with the increasingly bitter struggle for more wages in other countries, has been quickened by the general increase in the cost of living. In Value, Price and Profit, the then prevailing  Continental labour troubles were mentioned as being largely due to the depreciation of gold, and the endeavour of wage-workers to increase their wages in compensation for the reduced purchasing power of money. A similar thing is happening to-day, owing to labour-saving devices on the South African gold fields having rendered the ounce of gold the equivalent of a smaller amount of labour than formerly.

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