"The other model was the Australian one: a system of industrial relations dependent upon compulsory arbitration and judicially established wage minima for both skilled and unskilled workers within a protected economy... That was not a subsistence but a "living" wage of the kind that the British unions never actually got. This was the bargain of Australian tariffs: employers got protected markets and employees got protected wages. It was the kind of system that might have emerged from Joseph Chamberlain's campaign for tariffs had he a clearer and more limited idea of what he wanted; had he not tried to bundle up in one policy proposals both to save the Empire and provide guaranteed employment for British workers—proposals either of which could have worked separately but not together."
January 1, 1970
https://en.wikiquote.org/wiki/Joseph_Chamberlain