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Interesting to see the three day week being blamed on industrial action. The industrial action was caused by workers losing spending power because of insane oil
by TheOtherHobbes 3y ago
Interesting to see the three day week being blamed on industrial action. The industrial action was caused by workers losing spending power because of insane oil price inflation shocks. The government used this to cut public sector pay.
The shocks were caused by Arab-led OPEC objecting to US support for Israel in the Yom Kippur war, and the US was just as affected.
https://energyeducation.ca/encyclopedia/Oil_crisis_of_the_1970s https://energyeducation.ca/encyclopedia/Oil_crisis_of_the_19...
For some reason all of this has been written out of mainstream history. Everyone over a certain age remembers the miners, but no one remembers the oil rationing - or if they do, they assume the miners were somehow responsible for that too.
Ever since it's been used to justify wage suppression on the basis that Rising Wages Cause Inflation - which is very much not what happened then, and isn't the main cause of inflation now.
- jen20 3y agoThe best-known of the miners strikes was in the 80s, though.
- jdietrich 3y agoThe miners also went on strike a year before the Yom Kippur War, blaming competition from cheap oil imports. https://en.wikipedia.org/wiki/1972_United_Kingdom_miners%27_strike https://en.wikipedia.org/wiki/1972_United_Kingdom_miners%27_...
- deleted 3y ago[deleted]