Tim Garner is the CEO of Australian real estate company Garner Group.
A billionaire Australian property developer has sparked outrage after saying he wants unemployment to rise in his country because workers have become “too arrogant”. Tim Garner, CEO of Australian real estate company Garner Group, says the coronavirus pandemic has changed the work ethic of employees and there is a need to bring them back into place through job losses. Stated. Independent report.
“I think the problem we have is that people have decided, because of COVID, that they don’t want to work as much anymore. , we need to see that change,” he said. Australian Financial Review Property Summit In Sydney.
According to him, the key to curbing “arrogance” in the labor market is to increase the unemployment rate.
“We need to see the unemployment rate rise. The way I see it, the unemployment rate needs to jump from 40% to 50%. We need to face the pain of the economy. We need to help people , we need to remind them that they are not working for their employer and not the other way around,” he added.
“There is a systemic shift where employees feel very lucky that their employer has hired them, and vice versa. “It must be achieved by harming the ,” he further stated.
Australia’s unemployment rate is 3.6 per cent, or about 500,000 people, and a 50 per cent increase would mean an estimated 250,000 workers would lose their jobs.
a Video of his controversial comments It went viral on social media, sparking an immediate backlash. One user wrote: “Why doesn’t he do us a favor and volunteer his job as a first step towards 50%?” Another said, “It’s just stuff that business leaders shouldn’t say.” It’s kind of hard to believe. ”
His comments also prompted a fierce reaction from US Democrat Alexandria Ocasio-Cortez.
“Recall that major CEOs have significantly increased their own pay, so the CEO-to-employee pay ratio is now at its highest level *ever* recorded.” Ocasio-Cortez wrote about X.
After receiving backlash for his comments, he said in a LinkedIn post Thursday that he was “wrong” to say what he did. He admitted his comments were “very insensitive”.
“At this week’s AFR Real Estate Summit, I made some comments about unemployment and productivity in Australia that I deeply regret and were wrong. “There are clearly important conversations that need to be had in this environment.”My comments are deeply insensitive to workers, industry members and families across Australia who are affected by these cost-of-living pressures and job losses. did.
“I want to be clear: I understand that when someone loses their job, it has a significant impact on them and their families. I deeply regret not being able to convey my empathy to others,” Garner wrote.
Mr Garner has also been featured in Forbes Australia and is one of Australia’s richest men, with a net worth of $912 million, according to estimates by the Australian Financial Review.
