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.”
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).
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.
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.
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.
You are right it that economics is all fake and made up. However there is a nonzero number of deaths and misery we can attribute to every person being miserable and stressed
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 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.
Not true! You also have to be significantly lucky. I’ve met plenty of egocentric psychopaths who are stuck in small-time hustles and utterly pissed about it.
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.
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