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Evening Standard
Evening Standard
Business
Miriam Burrell

One of Australia’s richest men apologises after calling for job losses

Tim Gurner Australia United States Alexandria OcasioCortez Economy

One of Australia’s richest men Tim Gurner has apologised after claiming that unemployment should rise “40 to 50 per cent” to lower “arrogance” among workers.

The Melbourne-based property developer and CEO of Gurner Group told the Australian Financial Review Property Summit that “we need to see pain in the economy”.

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