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.”

  • BreakDecks@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    arrow-down
    9
    ·
    edit-2
    1 year ago

    37,000 people die for every 1% increase in unemployment

    This is a made up figure from the movie The Big Short, it isn’t an actual figure, lmao.

    Also, this is about Australia.

    • gbuttersnaps@programming.dev
      link
      fedilink
      arrow-up
      15
      ·
      1 year ago

      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.