4. The success up to date of the policy of reliance upon the join machinery in industry will scarcely be disputed. Both employers' and workers' organiga- tions have shown by their actions that they have a real sense of responsibility in conducting wage negotiations, even when it has been known that the large part of the increase in costs resulting from a wage increase would fall on the Exchequer. Serious dislocation of production by strikes or lockouts has been avoided, though it is important to note that this has involved an immense amount of daily wrestling with wages and other claims.