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.”
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 unemployed, more people without money, more people being poor. More desperate people, more sick people, more angry people, etc…
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
Probably suicide or stress related
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.
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
Add them to the Black Book of Capitalism