CEO says COVID gave us bad habits, prescribes unemployment of 40-50%
Property developer and CEO Tim Gurner: "We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around."
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We need to see guillotining of CEOs jump 40-50%.
Adding 40% to 0 is still 0 - we need to add, like, a million %.
How about we start with one then try your idea
I hate to break it to you, but 1,000,000*0 is still 0. And before you ask, yes so is 1,000,000,000*0
OK double it then
Counterpoint: maybe he needs to learn that he'd be nothing without the backs of the workers for him to stand on.
Just want to clear the record and say that every business owner thinks this, it's just that this jackass has the stupidity to say it out loud. They don't want to pay more, which has become a necessity since the pandemic due to low unemployment rates. By having a larger labor pool, they can cut wages to take advantage of people's desperation.
Hi there, business owner here. I wouldn’t dare to think this about my employees as they drive our business forward. I’m also a huge proponent of working from home (1 day in the office is nice, but not mandatory). I also try to compensate them and cut them in on our profits - before I take my own cut mind you. Happy workers = better productivity.
Baseball bats are easier to explain. Just keep a glove and a baseball next to one in your backseat or trunk. "Yeah officer, I like to go play down at the park with my friends."
This is the "Millenials eat too much avocado toast" guy. He lives on rage bait and generating headlines.
Yeah I'm not giving this guy a second thought. He's just an idiot
Yeah, I was like "Tim Gurner? Where have I heard this name before?"
This is the guy that made the original avocado toast comment. He is prime eat the rich material of ever there was any.
This is the guy? Doesn't he know avocados grow on trees?
I heard "Let them eat cake."
Both in the sense that this is a bullshit thing to say, and in the sense that this is the sort of thing that, if misquoted, could get innocent (at least of saying something like that) people hurt.
I hear it more as "Let them eat cock", there's no implication of naiveté in his statement, just malice.
He should see what we did to the czars and repeat himself.
For everyone saying "A 50% increase in unemployment would only take us from 3.8% to 5.7%, that's not bad" keep in mind that 37,000 people die for every 1% increase in unemployment. This man is essentially wishing for the deaths of 70,000 americans.
Edit: just realized he's probably talking about Australia from his accent. Not sure about the numbers for Australia on unemployment deaths, but I imagine the point should still stand.
Yes, deaths, but also wishing for poverty and misery. What a humane soul.
Wait really? How?
Economic instability has been found to increase overall mortality, infant deaths, fatalities from cardiovascular disease, cirrhosis, suicide, and homicide as well as morbidities, alcoholism and admissions to mental hospitals. M Harvey Brenner has publications studying the phenomenon going all the way back to the 50s if you're interested in the scientific literature.
More people wishing to bash your head in for your wallet. Remember, just because you have it good in life it doesn't matter if everyone else is in misery, suffering
This is a made up figure from the movie The Big Short, it isn't an actual figure, lmao.
Also, this is about Australia.
No, the number comes from a macroeconomics text book written by Gregory Mankiw and its based on research by Harvey Brennan studying the correlation since the 1950s.
This angers me. If it wasn't for employees many employers be living in a box under the turnpike, because shit doesn't get done by wishful thinking alone.
That's what gets me, this guy has such a one-sided opinion that he can't even realize his workers are the ones literally making him his money. No workers, no money coming in.
"They should be grateful to have a job." Yup, and he should be just as grateful anyone is willing to work for him, because without them he goes nowhere.
He does not understand economics.
He is a “Property Developer”. In his “perfect world” of employees working 16 hour days and not getting paid, that also means that half of the rental homes do not have tenants, half of small businesses in shopping centres don’t have customers and half of all his “Developed Properties” are empty.
He is just a Fuckwit who was given a silver spoon and doesn’t actually comprehend how reality works.
Employment is a mutually-beneficial agreement. I pity whoever has that CEO as a boss that thinks so lowly of their subordinates. We need to remind employers that they also depend on their employees.
Holy shit what an actual psychopath
Not agreeing with the sentiment, but your title is wrong, OP. He didn't say unemployment should be 40-50%. He said it should increase by 40-50%, which equates to a move from 3.8% to 5.7%
Can we start with the CEOs?
About 40-50% culling of management would hopefully lead to a more sustainable system.
Their relentless hunt for profits is damaging every ecosystem they enter.
This goes right into my spreadsheet of examples how winning at capitalism does not require much intelligence or foresight. In fact, too much of either hurts your chances.
All it requires is an incredible amount of egocentrism and a dash of psychopathy.
Keep in mind that “jump 40-50%” is not the same as “unemployment at 40-50%”…your headline is sensationalist (or just a misunderstanding of the numbers). This guy’s take is still absurd, regardless.
Absurdly evil af.
Right? A 50% increase of current levels puts at like 5% which is not crazy still
He needs to see pain in his life.
Does he really not understand that employers make their money from their employees?
He got his start with a loan from his grandfather and with extensive support from his boss
No, you see, employers just give employees jobs out of the goodness of their hearts. And that's why we need to worship them. All hail the "job creators", who don't at all lay off thousands and thousands of their employees the second they're no longer needed (like we've seen happen in tech tons this year).
Tim is literally a freeloader making money off of other people's labor... scum. . .
He isn't even self made. His grandfather gave him a loan and his boss supported him in his initial start
I'm pretty sure even Adam fucking Smith would think he's a bastard.
So like, how would one go about trying to figure out where this guy lives?
He's an Australian real estate billionaire, so find Mick Dundee? I dunno how to hunt someone down in "the land that wants to kill you."
If I see this fuckwit in the street I’m laying him out.
So I guess that means corporations are actually hoping for a recession so they can "tighten the belt" and fire some workers and the remaining ones will work extra hard to make up the difference. Again.
And swoop in to buy all the assets of soon-to-be bankrupt small-business owners. Big capital does not give a single fuck about who it cannibalises and it will come for those who sing the praises of capitalism as much as those who hate it.
The beatings will continue until
moraleproductivity improves.Edit: Sorry, morale is irrelevant.
He is free to stop hiring if he thinks that way. If unemployment jumps it's because business is in the shitter.
Who's taking bets on how long until this guy's head is left in a box for another billionaire to open?
What's in the box, Elon?
A 1% increase is associated with 37000 additional deaths. 40% unemployment would be classicide.
Not to defend this PoS but I think he means a 40% increase to unemployment, as in if unemployment is at 10% he thinks it should be 14%.
US unemployment rate is 3.8% as of August, so this guy is calling for roughly 70k people to die so that he can get back to his power fantasy and his pesky employees will stop having uncomfortable conversations with him about petty grievances like "feeding their families" and "keeping a roof over their head"
Counterpoint: Guillotines
He is a fucking Property Developer. That is the definition of someone who doesn’t actually do any real work.
I don't know what parallel universe this idiot is living in but nothing has changed over here. People know they work for an employer, we sure as hell know the employer doesn't give a rat's arse about their employees, we'd like them to, but we know they don't.
What's he on about?
Anyway he's a property developer so I think that perhaps his opinion is somewhat biased, and therefore should be ignored.
No, that's completely wrong.
He said it should go UP by 40-50% ie about 6% - which is still low by Australian standards.
Unemployment averaged 8% in the 1980s and 10% in the 1990s.
Or maybe it’s really just time to eat the rich?
Yeah, let's see how many of these guys survive when unemployment is at 50% and people are starving and desperate.
"Eat the rich" will become a much more literal rallying cry.
While the guy is an asshole, your title is grade A bullshit and a warping of his actual words.
He said a jump of 40-50%, meaning that if there's 5% unemployment, he wants to push it to 7,5%.
His whole talk is horrible and disgusting enough without you misrepresenting it.
The math here is good point to be aware of and as stated doesn't preclude that the guy is an asshole for wanting to put even a small percentage of people out of work just so he can raise his assholery to tyrannical proportions. Increasing human suffering to teach people who want to have a better life a lesson. What a cartoon villain.
Wow that guy looks like a creep
Big Fight Club moment.
He's in luck. The [b]ankers started trying to make it happen earlier this year: https://www.theguardian.com/business/grogonomics/2023/feb/09/the-reserve-bank-wants-unemployment-to-rise-it-should-be-careful-what-it-wishes-for
He'd go well with some rosé wine and sauteéd onions on the side.
🧐🍽🍴🔪
The Fed and the federal government will give him exactly what he wants.