CEO says COVID gave us bad habits, prescribes unemployment of 40-50%

We need to see guillotining of CEOs jump 40-50%.

Counterpoint: maybe he needs to learn that he'd be nothing without the backs of the workers for him to stand on.

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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.

This is the "Millenials eat too much avocado toast" guy. He lives on rage bait and generating headlines.

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.

This is the guy that made the original avocado toast comment. He is prime eat the rich material of ever there was any.

Tim is literally a freeloader making money off of other people's labor... scum. . .

He should see what we did to the czars and repeat himself.

We need to remind people that they work for the employer, not the other way around

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.

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.

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.

We need to remind people that they work for the employer, not the other way around.

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.

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Holy shit what an actual psychopath

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.

So like, how would one go about trying to figure out where this guy lives?

Guillotine was invented because of monsters like this.

Prole says the concept of private property gave the bourgeoisie bad habits, prescribes a redistribution of the means of production if the bourgeoisie knows what's good for them.

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%

If I see this fuckwit in the street I’m laying him out.

The bourgeoisie are class conscious and act in their own interest. We should do the same.

He needs to see pain in his life.

Does he really not understand that employers make their money from their employees?

Deserves the Wall.

I see no issue with that statement. Its a surefire for social revolution.

the maoist uprising against the landlords was the largest and most comprehensive proletarian revolution in history, and led to almost totally-equal redistribution of land among the peasantry

This is a great point, so great he should win a free ticket to visit the Titanic in a home made sub

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.

A 1% increase is associated with 37000 additional deaths. 40% unemployment would be classicide.

I prescribe crucifixion for the CEO. Just nail his hands to a cross in the town square.

Lemmy poster says capitalism gave us bad habits, prescribes CEOs be eaten alive.

The beatings will continue until morale productivity 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.

least insane liberal: "yes we should intentionally ensure a significant proportion of our working age population is rendered destitute, desperate, and useless. This is good for society"

this is why liberalism is a losing ideology: imagine intentionally not utilizing all of your available productive forces so some bourgeois parasites can further fatten themselves off the suffering of your citizenry.

If you really want to increase labor productivity: achieve full employment and liquidate the unproductive capitalist class instead

Wow that guy looks like a creep

Counterpoint: Guillotines

Engineering manager here: I am very lucky to have my team, I need them more than they need me, and I think anyone saying otherwise is fooling themselves.

Who's taking bets on how long until this guy's head is left in a box for another billionaire to open?

He is a fucking Property Developer. That is the definition of someone who doesn’t actually do any real work.

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.

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.

Big Fight Club moment.

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.

If unemployment hits 40%, there would actually be a revolution (lib, fash, or real). Even this bozo gotta know that. Like, HALF of everyone who wants to work being out of work??? It would be society rending. The Great Depression "only" hit 25%. 40-50% would be actually insane.

So... critical support to Tim Gurner thought?

I wonder if he's said shitty things between this and avocado toast. Someone should find out, I'm sure it's full of naked class interest

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

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.

Are you telling me the employment rate just happens to fall like that? No! He orchestrated it!

He'd go well with some rosé wine and sauteéd onions on the side.

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The Fed and the federal government will give him exactly what he wants.