What was the effect of inflation on industry and its workers in ww1?

Answer 1

During World War I, inflation significantly impacted industry and its workers by driving up the cost of living and eroding purchasing power. As demand for war materials surged, industries expanded rapidly, leading to labor shortages and increased wages; however, these wage gains often failed to keep pace with rising prices. Consequently, workers faced financial strain despite earning more, resulting in strikes and unrest as they sought better pay and working conditions. The economic pressure also contributed to labor movements pushing for more rights and protections in the post-war period.