Chris Wright: Sydney University Business School associate professor responds to Australian multimillionaire calling for unemployment rise
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
An Australian multimillionaire property developer is being slammed for his views on unemployment.
Tim Gurner has told the Financial Review Property Summit a sharp rise in unemployment is the only way to lift productivity.
He says there needs to be pain in the economy to remind employees they work for the employer, not the other way around.
Sydney University Business School associate professor Chris Wright says it's an insensitive thing to say.
"Unemployment is a bad thing. There's been a lot of research showing the huge consequences it can have for people in terms of well-being- it contributes to suicide rates."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.