Millionaire property developer Tim Gurner’s comments on unemployment and the truth of Covid
Millionaire property developer says unemployment must jump by 50 per cent to boost productivity
Covid was a unique universal shared experience where the sacrifice was shared unequally in unequal Societies.
It forced workers who were told they were essential but paid like peasants to think about what was actually important in life.
When the boot of Capitalism is removed from the throat of workers, when they get a moment to pause and ask if their slave wagers was worth it and many decided it was not.
The anger that Millionaire Tim Gurner is venting is a fury by the 1% that their wealth can’t buy the power it once did. Workers care about their interests post Covid, not the bosses.
The 1% want crippling unemployment to force workers to fear their bosses again so that they are subservient.
It’s a reminder that we have a class war without the vocabulary to articulate it because the woke middle class identity politics activists have promoted Woke as the new lens and it always eclipses class.
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Sincerely, Try Fresh Undertakings.
Don’t worry, mass immigration will put the labour market back into “balance”.
Import more slaves.
Australia beckons the skilled.
… to keep the housing ponzi alive. ACT’s immigration policy wants NZ to continue to compete with Canada and Australia. In Canada right now, they are becoming generational mortgage slaves. South Pacific won’t be far behind them with policies like ACTs which only serve a few now and kick the can down the road for our children and grandchildren to bare the cost.
https://www.bnnbloomberg.ca/some-canadian-mortgage-holders-extending-amortization-periods-by-more-than-double-expert-1.1934133
Oh well, never mind.
Surely he meant house prices must reduce 40% to 50%. Yes, that’s it. Greed isn’t good, afterall.
It’s hard to understand why some experts promote higher unemployment because it appears counterintuitive.
But it seems every time Emporer Luxon is interviewed on his tax package, that more and more of us are realising the Emporer is wearing no clothes. Better ring around some property tycoons to pour more money into Luxons campaign, because we know he’s in it for us. If he starts floundering now, we’re cooked. I’ll be surviving on bread and water, until easier removal of tennants and reducing the brightline test and reinstating tax deductibility on rental property, comes back in. Not that the brightline test is a bad idea, because it was National’s idea in the first place. Higher unemployment, higher property prices, higher rents, higher immigration, no capital gains, no wealth tax, no free presciptions – its a good time to be rich!
You can always sell, provided you can locate a willing buyer. Or line up at a food bank or soup kitchen. There’s no shame in it.
The basic (and pathetic) argument around it is that the economy requires a level of unemployment to be sustainable, somewhere in the 3-4.5% unemployment range. The “theory” is that too little unemployment means that employees gain the upper hand in pay negotiations as business compete for staff and that pushes wages up, introducing capital into the economy increasing inflation. There could be SOME truth to this, however NZ is slightly different case. NZers wages have been hugely suppressed for decades due to mass immigration, this is a the govt intervening (on behalf of business) into the cycle of unemployment. This cycle was interrupted during Covid and gave employees (finally!) an opportunity to argue their true value and up went wages. However, the legacy parties of both red and blue were upset about this and have once again flooded the NZ market with cheap labour. If immigration was capped at a low level, this employee vs employer cycle of staff would be much more steady and wage increases smaller, but steady, ensuring a steady economy but allowing workers to push for decent wages.
Gurner has a remarkable resemblance to Reinhard Heydrich.
Right wingers have no problem with people being unemployed. They just dont want them on benefits. Then when they cannot afford a place to live, and have to live on the streets, they can be smeared as drug addicts and put in prison.