This chapter is a good one, showing the cycles of capitalism and fighting for better wages etc,
A couple of quotes -
They would do as the people had done before at various times. As soon as they understood that they were slaves, they destroyed slavery. Later on, when they realized that they were serfs, they did away with serfdom. And as soon as they will realize that they are wage slaves, they will also abolish wage slavery.
So far as those millions are concerned, and so far as you, as one of them, are concerned, you remain a wage slave, whatever your work or your pay, and there is no chance for you to be anything else under the system of capitalism.
You can see, then, that the whole idea of higher wages is in reality very misleading. It makes the worker think that he is actually better off when he gets more pay, but the fact is - so far as the whole working class is concerned - that whatever the worker gains by higher wages he loses as a consumer, and in the long run the situation remains the same. At the end of a year of 'higher wages' the worker has no more than after a year of 'lower wages.' Sometimes he is even worse off, because the cost of living increases much faster than wages.
The article in its entirety is here.