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A millionaire property developer who bluntly told millennials they couldn’t afford to buy a house because they ordered too much smashed avocado in cafes has warned Australian traders they are being paid too much for doing too little.
And he has given some brutal advice to younger workers: the economy needs more “pain” to remind upstart employees who’s boss.
Gurner Group chief executive Tim Gurner, 40, has blamed the Covid pandemic for much of the problem and urged Australians to “kill” the spirit of working less for more pay.
“You know, trade has definitely decreased productivity,” he warned.
“In recent years they have been paid a lot to not do too much. And we need to see that change. “I think the problem we’ve had is that we have people who decided they didn’t want to work as much anymore through Covid.”
Mr. Gurner made these statements in The Australian Financial ReviewProperty Summit on Tuesday.
The real estate magnate and luxury construction developer said a change in attitude was necessary.
“We need to remind people that they work for the employer, not the other way around,” he said.
“We need unemployment to increase, unemployment has to increase between 40 and 50 percent. In my opinion, we need to see pain in the economy. I mean, there has been a systematic shift where employees feel that the employer is very lucky to have them and not the other way around.
“So it’s a dynamic that has to change. We have to end that attitude and that has to come through harm to the economy, which is what everyone is trying to do. Governments around the world are trying to increase unemployment, to bring it to some kind of normality, and we are seeing it. I think all employers are seeing it now.
“I mean, there are definitely massive layoffs happening and people may not be talking about it, but people are definitely laying off people and we are starting to see less arrogance in the labor market and that has to continue, because that will cascade in cost balance.
But it is not the first time that the young real estate magnate has unloaded on millennials.
In 2017 he appeared on Channel 9. 60 minutes show where he accused the younger generation of spending too much money on avocado toast.
“When I was trying to buy my first house, I wasn’t buying smashed avocado for $19 and four coffees for $4 each,” he said.
“This generation is looking at the Kardashians and thinking it’s normal, thinking having a Bentley is normal. I spent every night on my knees sanding the floors, painting, renovating and working on the house. When we sold it, I used the small profit of $12,000 to buy my next property and it all grew from there.”
Mr Gurner has also previously said Forbes Australia In an exclusive report he says he has “tried everything” in his own life to increase productivity and wellbeing, including intravenous drips, infrared saunas and psychedelic mushrooms.
“Everything out there is some biohacking/testing thing I’ve done,” he said.
“From mushroom microdoses to infrared saunas, to steam, Oura and lymphatic drainage. All. “I want to try everything and see what works for me.”
Microdosing usually refers to the practice of taking small portions of psychedelic substances. It is designed to unlock the positive results of the substance (more concentration, energy and emotional balance) without the negative ones (hallucinations, sensory changes).
In it Forbes In the interview, Mr. Gurner offered the following “hacks” that he believes contribute to maximum performance, longevity and well-being, including a special blanket that lays flat under the fitted sheet and keeps the bed at a certain temperature All night long.
“I never sleep well in hotels anymore because I don’t have this,” he said.
He also endorsed the Joovv Red Light, a special light designed to reduce inflammation and stimulate mitochondria to improve sports performance.
He’s also a fan of the “Oura ring,” which comes in silver, gold or black and monitors how your body feels and what it needs. His personal trainer and life coach, Nam Baldwin, sees the results of his Oura Ring every week.
“He knows exactly where my body is,” Gurner said. Forbes.
“He knows where my head is because we talk every week. He knows when I’m in a bad place and need help and he knows when I’m saying goodbye. He is like a psychologist.”
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