Property developer and CEO Tim Gurner: “We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around.”
Property developer and CEO Tim Gurner: “We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around.”
This is a made up figure from the movie The Big Short, it isn’t an actual figure, lmao.
Also, this is about Australia.
No, the number comes from a macroeconomics text book written by Gregory Mankiw and its based on research by Harvey Brennan studying the correlation since the 1950s.