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.”
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, 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.