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tv   Counting the Cost  Al Jazeera  January 16, 2022 6:30am-7:01am AST

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justice up, so to is to invest a new renewable technology, unclear technology in africa. i'd make use of the cumulative africa. that is the cheap, the cheapest option we should sell now. and that's what the wild features jaffar abduct mine says. all he wants is a clean and a more reliable pass horse to run his business, catching sight, alta 0, or sabot canyon. ah, don't forget, check about top stories here on al jazeera, a, some army has hit the pacific nation of tara. often under c volcano erupted, but there is no word on casualties waves more than a meter in height. it fiji van o. r to an american samo, san army alerts an adviser, israel place a part of japan and the western united states. new zealand, meanwhile, has offered assistance to tongue out at fisher with her in con,
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take her tongue and authorities on priorities for further aid. the ministry of foreign fees and in c, ds and other nissan agencies are working through through the ear and see options. to get aid to tara, the government has also approved an initial half a $1000000.00 to be able to respond to requests for assistance from tongue and authorities. this would include costs of release supplies and technical support, as well as supporting local responses. please let me be very clear. this is very much a starting figure and the government will provide additional assistance is required to women are reported, have been killed by strong waves along peruse, northern coast. snelson army warning was issued in the country. the waves are said to reach 2 meters high tennis, well, number one know about jock of it's in court in australia to appeal the decision to revoke his visa for a 2nd time. the hearings taking place just some day before the australian oakland
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begins beijing, as reported as 1st community case of the on the con variant. the positive cases from the cities northwestern. hi dan district. china detected its 1st community quad infection obamacare last week. in the northern city of chan, gin, prompting a lockdown countries less than 3 weeks away from staging the winter olympics with beijing as one of the venues. a prominent stood in these pro democracy group has conditioned, accepted the un sofa to a broken end to the political deadlock or testers have been marching against the military since it overthrew the civilian led government in october, members of the forces for freedom and change on the un officials on sunday to present their terms. another group, the sudanese professional association, has rejected the united nations mediation. so those were the headlines that he's continues here on al jazeera after counting the cost station. thanks for watching bye. for now. 20 years after sierra leon's brutal civil war coins,
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more than 50000 lives. how has the country progressed rich with natural resources, but economically poor are the deep divisions of its cost still determining its future to sierra leone recovery, special coverage? oh no, just 0. i, i, moline side, this is counting the cost on al jazeera, your weekly look at the world of business and economics. this week, the rising voice, the fi employee, millions of young people around the world on quitting their jobs and rethinking the way they live. so walks driving, the so called great resignation. it's been a bumpy if a one of the wells busiest shipping roots egypt service canal. so why has the
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waterway recorded the highest and the revenues, and could on the chrome varian sculpus maritime trade recovery. a table or a storm in a teacup indian businesses, a loving the government to impose taxes and regulations on t imports from nepal, nepalese pharmacy. it is a fight for survival. ah, the pandemic has changed people's lives and in many cases that career plans after a wave of job losses in the past couple of years. a lot of employees are now hitting the pause button in their careers and quitting their jobs in droves. and at least 40 percent of employees globally, all considering resigning in the coming few months old and 24000000 people quit their jobs in the united states from april to september, record 4500000 people resigned in november alone the most since the government
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started collecting the states of 2 decades ago, job openings are increasing and wages going up as companies scramble to find employees. china has experienced a similar movement known as lying flat, which effectively means quitting ambitious careers in favor of simpler, less materialistic lives. and started as a social media campaign against a system that requires people to work from 9 in the morning until 9 in the evening . 6 days a week, and yet still unable to afford a home in europe, a recent study by the german based software company persona reveal that more than 46 percent of work as a planning to quit their jobs in the next 6 to 12 months. germany has reported the highest numbers of resignation last year, followed by the u. k. and the netherlands. the increase in resignation among employees is happening while the world faces. another major challenge only cronan
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is leading to a global labor shortage. that is threatening economic recovery with the airline industry among the most affected sectors. the u. s. on the u. k. on taking people infected by korean of ours, out of isolation, quicker to get them back to work faster and joy now from london by grace logins, director of the inclusion initiative at the london school of economics. many, thanks for joining the program. what do you think is going on here? are people rethinking the way they work and live? is it an employees revolution on their underlying reasons? well, 1st mailing, thank you for having me on the show. and i think and on the 1st case, you know, on across is bearing it's toll. so we do have people who are taking time off because they've been exposed to somebody would only con, depending on their countries policies, or that they themselves actually have them to call on. but i think on the 2nd side of ish, what was really interesting about cove in 1000 in general is that it did 2 things for people. i think 1st it may debt salience. so people really were faced with
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mortality burden every single day. i think secondly, for many professionals in particular, it gave them insight as to what it would mean to spend more time at home. and if you couple dash, what was happening with the economy before covert in money developed countries. so we've had no weight nation. the price, you know, the price of housing is actually sort jobs have become more precarious. i think a lot of people actually relies when they went home, it looked down and cover that. they were basically running to stand still. so they were, you know, finding it difficult to pay their bills despite working very, very hard. and that's close a lot people to re evaluation. and what we're seeing now are shifts in the labor market as people's preferences change. perhaps having more, less time at home. and they're figuring out how to make that happen. is it though mostly people completely opting out of the labor market permanently? so i think there's a narrative in the media at the moment that there's some shift in the younger generations towards kind of what they call a low desire lifestyle, which basically means they need less money in order to survive. i'm in less,
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i believe less in that story because i haven't seen it in the data. yes. what we do see in the data is what i recalled the great we shuffle. so rolled them people having kind of great resignation. they're choosing different jobs to go into their choosing, perhaps to become self employed, as opposed to work for an employer. and they're choosing kind of overall to work less hours and have more abundance like stuff. and that's particularly true for professional workers who are in industries like technology and finance, where the competition for talent is rife. well, that's what i was going to ask a, what kind of sex as a most effective, is it mostly financing technology? so i think we see kind of 2, i would, i would kind of see what's happening into 2 different places. so 1st you have the pressure for professional workers where professional workers are demanding now more than ever and hybrid working. so would you mind doing a 4 day week? i'm, this is really kind of taking flight in places where there is this competition for talent. and what we've noticed in some of the companies to some of the companies to
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say, actually you need to be in the office all the time. and those companies have been increasing wages in order to secure enough talent so that they actually meet their deliverables. whereas other companies are recognizing that hybrid working flexible working isn't a mean a see that people want and that they can talk time with. and they've been using that as a mechanism to attract talent. i think on the other side of it, we also see pressure in services in retail, in the minimum wage jobs. so, you know, working in fast food restaurants, working in shops where there are now shortages of bruce does waste. i'm people to help you out to tell, and there's been a demand on that side for higher wages, or people are actually choosing to opt at home. and we're seeing that as the bigger china, which is not surprising in countries where they have higher safety nets. and if we go back to this idea of having, you know, a slightly lower desired life, it means that people who are minimum wage previously might be making the choice to stay at home as opposed to going to work on this. they get that wage increase. does
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that mean the power, the balance of power is tilting to words the labor force? i think at the moment the minimum wage jobs, the balance of power has tilted towards the labor force. i think it's only a transition because you have to remember that a lot of workers will be actually out sick because of covered. so we see shorts just because of bass. we're also seeing shortages because people are choosing to be less mobile for work. so kind of choosing to live, perhaps in their hometown, one than travel, the child to work has, has shrunk during the cold 907, which isn't surprising. so i think for now we're in this transition phase. it's difficult to imagine a time when cove it is no longer an issue. but do you think what we're seeing is temporary or is this a long term trend? i think for the am for, for workers of low wage. i think it's temporary. i think once you know the, the labor market has more adequate supply of breached as people have to tell them. and i'm waiters and waitresses, we will see some adjustments backwards. what would buy might changed on is if big
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corporations become more socially responsible, instruct, pay a wage premium to their minimum wage workers, and that remains to be seen. there's, there isn't, there's no evidence that that's coming. yes, i think what's more interesting is the transition phase for professional workers and i, we will absolutely have a legacy of hybrid working. we will absolutely have a legacy of i don't believe it would be reduced hours, but hours that can be conducted more autonomy. so people might choose, for example, to work for days a week, do their 4050 hours and then have friday, saturday, sunday, off people will have more autonomy to work in the mornings in the evenings, particularly in jobs where you can complete tasks all your own autonomy this phenomena of 5 people quitting their jobs in great numbers. we've seen that all round the well from china to europe, to, to america. but is it for the same reasons? i think ultimately, i think if we, if we were to ask people they would give different reasons. so people would talk about, you know, way just being to know people would talk about mental health. people would talk
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about burnout. i think it all the countries you mentioned, those 3 things have actually come up. i think what it was has in common all the countries that you mention has been this economic pressure on the labor market where we've had a bigger divide between high income and no, no income jobs. even if you're in high income jobs, you do struggle in the beginning of your career to buy a house. you do struggle much more often to get to the top of the pole this much less positions. so in some ways, i think this is a reaction to an economic visit that's been happening for a long time, where we've seen a big kind of come between the very, very rich and everybody, us and society. and what the pandemic has highlighted is that people have choices. you can kind of step off the treadmill if you like, and choose something else. so what kind of impact have these mass resignation had on the wider economy? i mean, i think we see it already tricking true to inflation. so the minimum wage jobs that i mentioned in retail and take away, i think, you know, people who are listening to the show and recognize that now when they go to the
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supermarket, when they go to get their coffee, it is more expensive. so ultimately, these pay increases will always be felt by the consumer and people have seen disruption to their flights if they've been traveling, if they've been traveling abroad boat because of direct impacts of coven, 1000 pandemic. and also some people who work in the airline industry, choosing to look for a job that has, that has more bottoms lifestyles. and i think also what remains to be seen is what it means for the major cities around the world. so as the professional workers come out of the hubs that have been carved for particular industries, it does mean to re shuffle off. you know, the services like half a's, cleaning for other people who might be, who might be driving them to move to where they're not living. and that hasn't yet happened. i think, you know, here in london, they sit a really great hope that everybody's going to go back into the city in london and start working. once the pandemic dissipates, i, i kind of hold to compromise you. i think people will go back to the work, but it will work, but it will be part time. so we'll see some movement in the economy with those minimal way shops. ok, many thanks for your time. annual analysis, gray slogan,
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direct of the inclusion initiative from the london school of economics. you thank you so much, having read the vessels waiting outside ports, labor shortages, hob as an supply chain, buffle. next world trade house space. numerous challenges during the course of ours health crisis. however, egypt suez canal record it on unprecedented revenues last year, despite suffering a 6 day blockage by a giant cargo ship. the waterway has then more than $6300000000.00. that's the highest amount since it was built more than a 150 years ago. the suez canal authority says more than 20600 vessels flowed through its waterways last year, fastened increase of 10 percent compared to 2020. and the body is expected to increase transit told by 6 percent this year, excluding towards vessels and liquified natural gas carriers keep in mind,
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egypt lost around $15000000.00 a day to be ever given joint vessel. wedged across the canal for 6 days back in march officially opened in 1869. the suez canal is one of the wealth, busiest waterways on the bedrock of the global economy. more than 10 percent of global trade, including oil flows through it, the canal remains one of egypt, top foreign currency anna with an average 15 vessels passing through it every day. the 193 kilometer long and 24 meta deep water away connects the mediterranean and red seas and it. ringback is the shortest maritime route between asia, the middle east, europe. the journey between ports in the gulf and london for example, is roughly harvey by going through this or is compared with the alternate route around the southern tip of africa. well, the united nation said marathon trade was expected to increase by 4.3 percent last
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year. after the economies of many countries started to recover. the increase in demand lead to shortages of contain is congested ports and supply chain bottlenecks . freight rates sold with an average cost of shipping a standard large container from asia to europe at more than $10000.00 house around 4 times higher than it was in 2020. joining us now from london is amir is not there, professor of shipping economics and finance the bays business school. i'm a member of the faculty at the disgruntled center for shipping trade and finance. thank you for joining the program. why do you think the series canal and seeing these unprecedented revenues? thank you. it's been interesting, you know, looking at the figures for switch, gone all. when i look at it in more detail,
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i could see that the increase was partly because of increasing trade. following, you know, post cobit because we had a drop in international trade and the year before in 2020, where we can hard, but the bounce back from core. we was realized in 2021. so we had increase the international trade there because you know, some of the factories manufacturers in the rest, they were sort of working at reduced capacity and they had to import a lot of material from, from the 40s. the 2nd factor could be attributed to the recent increase in gas demand and trades of l. n. g liquefied natural gas, which the traffic of natural gas gas years through swiss going all has increased as
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well, especially in the 2nd half of 2021. so that also contributed to the increase in the revenue by this risk on all of these, the number of ships at transiting they are higher in 2021, but they are bigger ships as well as be seen. for example, like the one ship that they're stuck in the, in the canada. so these, these bigger ships they have to pay higher. told us when you mentioned the ever given which blocked the suez canal. a huge ship and it was blocked. i believe for 6 days, egypt has had a number of challenges including the pandemic to deal with. how is it managed to navigate through all this? that was a very interesting video because that was the 1st time when it was blocked for 7 years. and it caused a lot of problem for, for the international logistics supply chain. but fortunately,
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they managed to release the ship within 6 days. and some, some people, they were expecting you know, more disruption, but that she was stuck in a part of the cannon due to navigational air or whatever the problem was in the part of a car that was easy, relatively narrow and difficult to maneuver for bigger ships. therefore, this was going to look what it is now in walking on a plan to, to, and basically widen part of the con, all as well as make any deeper for these bigger ships. because these, these ships are, and much more than the swiss max tankers that go to the canada about 400 meters long. but they're a shallow involved. that's why, you know, they're more difficult to malware in such a natural place. and accidents could happen. but you know,
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they're taking precautions and also plans to be able to mitigate such problems in the future. most of the world is now dealing with 4th wave of corona virus, specifically the micron variance. do you think maritime trade will take another knock as a result of this? but that's a very good question. what, what, what, what is my view and my analysis from the data that i've seen these, that mandatory many international trade has been very resilient, especially, you know, that the whole supply chain that the civil and trade invited unions to, to the corporate situation. if we look at back, for example, the financial crisis of 2008, 9 where the g p, g, d, p dropped, maritime trade affected much more and then compared to what we saw during the quarter. so needing a quote, we figured we could maintain relative be better off as low off
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commodities and trade by ships and the bounce back f b them post koby, video, ease, ease, been much better now the fort, waive in view of many expect he's been watch much more milder and the countries they try to not go to any more lock downs and try to avoid, for example, any economy gets slow down and that can have many time trade and shipping. so the more countries avoid locked downs and slow down to like one me then the better the keys for, right i'm if one on the other given blockage demonstrates of the vulnerability of international shipping routes. the fragility of supply chains has the industry adapted since then? this can be very a slow process to, to adapt some other measures to,
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to avoid. for example, any disruption such as blockage was going on. however, a lot of industries ago as well as sec doors, they're trying to find other ways, alternatives to be less dependence on. for example, adjusting time inventory management as well as purchase ingle as jay. so they try to find alternative base. for example, they call it near shoring, or ensuring in order to bring some, some elements of their production. or perhaps, you know, hold a larger amount of inventory in order to avoid. for example, disruption, such as, you know, 60 blockade of officers got on. but this will take time and it can be costly for manufacturers. now, the shipping industry needs to come to grips with climate change. like many other industries. do you think it's prepared to deal with the urgent need to de
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carbonized, find alternative fuels or which of course come out an extra cost? that's a very good an interesting point because this is ongoing and it has, you know, started you know, while ago as early as 2910 where international my time organization is going to rounds off the bates and meetings in order to set regulations for for environment protection and climate change. and some of the bigger shipping companies now getting barked on plans to use alternative fuel like ammonia, l, n, g, or even, you know, prepared ships to, to, to have a scrubbers in order to use the cargo emission. but to go to 0 carbon in international trade, it would be very, very difficult to take time. so interesting to get your perspective,
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amir others that a professor of shipping economics and finance at bays, business school, thank you for joining us. thank you very much, bye. the british era, dog jailing browned as considered the champagne of tease, but as sparking tensions between indian and nepalese treatise. t grows an india one the government to impose taxes and quality control checks on imports from nepal to protect their businesses. nepalese farmers insist that product fills a gap in the market. same bas ravi has moved from illinois district in eastern nipple. no soldiers, no guns, but at napoleon eastern border with india. tensions are simmering. open fields or a front line where for years the 2 countries have been locked in a quiet conflict. over one of the world's most precious and widely consumed commodities for no pulse t plantations. this is
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a fight for survival. and he is the goose that lays the golden egg. there's local production happening. we have local companies here worldwide, people drink tea and it's also good for health and we drink it and we call alarm district the place to mine. for example, in alarms markets, himalayan t is as good as liquid gold, a major source of fuel for the country's economic engine. would growers from the neighboring indian state of westbank gold, or lobbying their government to impose terrorist and bureaucratic roadblocks and take their landlocked neighbors. t off the table where here at nepalese border with india now. and darjeeling is just 30 minutes down this road past that checkpoint. now the terrain, the soil, even the plants that the t comes from. it's all the same in this area of indian grover say that there's is the original darjeeling branded only their
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t should be allowed to carry them in the seeds of what some nepalese have taken to calling the kettle. wars were planted more than a century ago when the british ruled. india smuggled out of china and planted in darjeeling in the 18. hundreds indian growers say their t is the genuine article and importing from the pole is destroying a legacy brand. but indian traders routinely mix nepalese tea with and sell it as darjeeling to make up for supply shortfalls and meet massive market demands. even in fact, india is nepalese, biggest customer for half of the tea made here and almost all of the premium. great stuff. most similar to darjeeling is bought by india for nepalese owners, india stirring up trouble is just about protecting market share. i pill that very engaged, very big country with the 10 yard. we have a small, you're going to me,
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and we have a 1000000000 and a 1000000000 deficient with india 1000000000 and 1000000000. and that we don't have anything to sell our product to india when the t is in a very small quantity. that is not going to the in any good. i mean nothing. but the big thing per net bug because it gives the village people of the employment, the workers employment. and also the contribution in our judy. be it going to is a lot mountain side t plantations like this one are a real threat to the bigger traditional manufacturers in terms of quality. they've already been giving competitors a run for their money on the open market. and when it comes to quantity every year, they are getting better at moving higher volumes of product, a thriving tourism industry in full blue that has grown around new pulse t plantations is now also at risk brewing tension steeped in history. at
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risk of boiling over or a storm in a teacup, it depends on who you ask. indian concerns have merit, but no police say their t should move just as freely between their shared borders as their people do. zane bush raphael jazeera, belong district in eastern nipple, and that is our so for this week by i want to know what you think and what you want to see on the show twain. me or dia, me at marlene signed, and if you're tweeting, then please use the hash tag a j. c. in see if emails, maria think counts or the cost at al jazeera dot net east address. but there's more for you online, al jazeera dot com slash ctc that will take you straight to our page, which is individual reports, links and tie episodes for you the catch up on that's it for this edition of counting the coasts. i'm mullin,
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site from the whole team. thanks for joining us. the nice on on to sarah is ah coveted beyond well taken without hesitation. fulton died for political power, defines our wild launch loop. babies were dying. i did it not in your bed wish it's neglected babies to deck people and power investigates, exposes, and questions to the use and abuse of power around the globe. on al jazeera, my name is bonnie put magar. i've always thought of yoga as part of my indian heritage. i understand it to be about transformation, but yoga itself seems to be transforming. western mentality is, is a lot about this is transfer if you're coming in today. what yoga was originally yoga should belong to everyone,
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but i'm afraid that simple truth is getting lost in a world that so commercialized and politicized owns yoga. analogies in ah an undersea volcanic eruption of toner triggers. synonymy alerts across the pacific from japan to the us west coast. ah. hello, i'm darn jordan. this is al jazeera live from doha, also coming up. tennis, dont know. bakovich faces a deportation hearing in melbourne, which could buy him from the australian open and the country for 3 years. the 1st reported case of armstrong in beijing prompts.

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