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Multimillionaire Tim Gurner regrets ‘deeply insensitive’ comments calling for ‘pain in the economy’

Property developer and Gurner Group CEO says suggestion unemployment should increase by 40% to 50% to create more productive workers was ‘wrong’

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The Australian multimillionaire Tim Gurner has apologised for the controversial comments he made at a property summit on Tuesday, saying he deeply regrets his remarks and they “were wrong”.

On Tuesday, Gurner, who is a property developer and founder of the Gurner Group, drew fierce backlash after he suggested at the event held by the Australian Financial Review that unemployment should increase by 40% to 50% to create more productive workers.

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