Transition

During the change-over it is proposed to continue special rates of pay to those who are temporarily unemployed and to provide all the facilities necessary for men to receive the technical training and education necessary to provide them with permanent work in the future. The temptation from the short-term point of view would be to provide temporary employment, but from the long-term point of view it is essential that the period of transition should be utilised to give men the chance to equip themselves for a permanent and not a blind-alley occupation in the future.

The long-term point of view is also essential for the restoration of a peacetime economy. The temptation of a post-war period is the immediate relaxation of war-time controls and rationing and the provision of commodities which the public has so long been denied. The disastrous effects of post-war laissez-faire after 1918 should be ample warning against such a course. It is essential that the production of capital goods should be carried out before the demands for consumer goods are met in order that the means of restoring peace-time industry and employment should be made available as soon as possible.