Tim Gurner thinks that workers need to feel some pain

Australian real estate CEO Tim Gurner made headlines this week for some callous remarks about workers.

He said: “We’ve people have decided that they didn’t really want to work so much anymore through Covid, and that has had a massive issue on productivity’s productivity, he says.

After widespread condemnation, he backed down and issued an apology for these comments.

CNBC ’s Jim Cramer called for their jobs to be shipped to Mexico , a position only slightly less absurd than his comparison of UAW President Shawn Fain to former Communist Party USA Chairman Earl Browder .

Despite the gains of workers, even corporate profits remain at highly elevated levels.

So far, the Biden administration has largely sided with workers, while the Federal Reserve plays bad cop.