Tim Gurner: Australian tycoon calls for jobless spike to fix worker attitudes

Tim GurnerFinancial Review of Australia

One of Australia’s wealthiest men has sparked a backlash around the world after suggesting that unemployment triple in order to humble haughty employees.

Tim Gurner, a real estate tycoon and former gym user, said,” We need to see problems in the economy.”

He has previously asserted that because young people overspend on olive bread, they cannot manage homes.

Over 23 million people have watched the picture of his opinions online, and it has received harsh criticism.

The 41-year-old said, using builders as an example, that the Covid-19 pandemic had negatively impacted employees’ attitudes and job ethics during a house conference this week.

He asserted that the change is having an effect on industry efficiency, which, when combined with stricter regulations, is causing Australia’s housing shortage.

To lessen” arrogance in the employment market ,” he suggested that the nation’s current unemployment rate of 3.7 % increase by 40 to 50 %. More than 200,000 people would lose their work as a result.

According to Mr. Gurner,” employees feel the employer is really fortunate to have them ,” there has been a organized change.

People should be reminded that they are employed by their boss, never the other way around.

His comments are made at a time when many businesses are arguing with employees about give and distant job.

Social media platforms like” quiet quitting ,” a term used to describe the decision to stop going above and beyond for bosses, and” lazy – girl jobs ,” which refer to well-paying, flexible positions that offer greater work-life balance, have also seen widespread discussion of shifting attitudes toward employment.

Mr Gurner’s comments, which were shared by the Financial Review of Australia (AFR) which hosted the summit, have drawn criticism on social media platforms like X (formerly Twitter), TikTok and LinkedIn.

Asian MPs from all social sexes have also criticized them. Liberal MP Keith Wolahan said they” could not be more out of reach ,” while Labor MP Jerome Laxale described them as” feedback you’d connect with a film villain.”

” A job loss is hardly a monetary sum.” According to Mr. Wolahan, it observes people living on the streets and being reliant on meal businesses.

Alexandria Ocasio-Cortez, a US senator, even criticized the real estate tycoon.

She wrote on X,” Remind that big CEOs have skyrocketed their personal spend so much that the ratio of Director to employee pay is then at some of the highest rates ever recorded.”

However, some have defended him, including Andrew Michelmore, president of the Minerals Council of Australia.

According to Mr. Michelmore,” Staff have grown accustomed to earning the same amount of money without working the exact same time.”

Gurner, who is the CEO and founder of the group, is thought to be worth$ 929 million(£ 479 million,$ 598 million ).

He has previously discussed how borrowing money from his father and former manager helped him launch his own company.

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