Billionaire property developer Tim Gurner said that "We need to see unemployment rise. We need it to rise 40-50%. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around"

Billionaire property developer Tim Gurner said that "We need to see unemployment rise. We need it to rise 40-50%. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around."

Gurner admitted his remarks “were wrong” in a subsequent apology.

In the U.S. from 1978 to 2021, according to the Economic Policy Institute, economic productivity grew more than 60%. Yet the typical worker’s wages — which in previous decades had roughly tracked productivity — grew just 18%. The wages of the top 1% of earners, however, grew 385%. CEO pay grew by more than 1,000%.

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