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tv   Counting the Cost  Al Jazeera  May 18, 2023 2:30am-3:01am AST

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to me that even today we steals thing, that a woman who comes when i pull back round, if she's with a man of power, is death with self interest. kindness, often quoted controversy but festival directive to have a 5 most as he has one rule in selecting film. did they demonstrate fee mas thinking freedom of speech? do they act within a legal framework, leading audiences to decide whether they can separate the thoughts from the office, charlie, on to the auditor? the this is al jazeera and these are the top stories. the seller, the head of equitable, is military has ones that is full. so this will act finley if protest turn violent president p. m or less. so it has its own the national assembly, which was considering with a to impeach him on corruption challenges. security forces have been deployed outside the parliaments in the capital key to essentially run p a. t reports from key to police and anti riah to deer that i've been very k
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blocking all answering says to congress the road surrounding the building. i've been shut down since the early hours of a wednesday outside sierra. there's a lot of people actually workers, employees of congress that don't know what to do. they've been here some of them since 5 am, 6 am waiting to go inside because the impeachment process was supposed to continue at roughly an hour ago at the other thing that will happen is that the country electoral council now has 7 days to call for early elections, it's a large number of police have now list the vicinity of the residents, a full of pakistani prime minister and wrong con. after spending most of the day outside his house, the 17 year old veteran politician had said place for preparing to obtain them again. con was arrested last week in connection with a corruption caps. but you,
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in fact, the black sea grind deal between you kind and russia has been extended for 2 months . the agreement has allowed millions of tons of you kindly inclined to be shipped through blacks. the ports located by russia are you in climate agencies, has global temperatures, us it to rise more than 1.5 degrees celsius, probably in the next 5 years, sciences school and the consequences will be catastrophic. the world meet, her logical organization says the world will be entering uncharted territory because temperatures have never been as high as the bodies of 9 migrants have been found at the border between tennessee and l. jerry. a officials and kisser on say it's likely they died from cold 1st and fatigue. there's been a search of people trying to cross the border in recent months. burdens prince, harry, his wife, making michael into another, were reported. they chased pacific hours by pepper out to new york city, the prince's spokesperson called it and the catastrophic chase endangering of the
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driver's pedestrians and police officers. new york police said they assisted the private security team, protecting the jew conductors of as numerous photographers my dear transport challenging because of the headlines, the news continues here on al jazeera. after counting the cost, which is coming up next to report his retreat in a brutal civil war, if it hadn't been that these writing vision would not have being so long before the coming door had become generally like sent. you could be in the safe and safe, and then you went out into civil war. i started off leaving this, one of the grand suite, have to come to a hotel. the next room i was in was underground, tying the prison. so as a hostage, they was, the commodore will hotels on al jazeera, the
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hello, i'm adrian said again, this is counting the cost on al jazeera. you know, we can look at the world of business. i think it makes this week from the future of mankind to the future of jobs, advancements and also sessional intelligence, raising questions about the threats from life as we know. it's so good. hey, i disrupt economies or transformed the most of this week. germany looking for foreign workers to tackle a shortage and skilled labor, we explore whether reforming immigration rules will help to solve the problem. plus an electric vehicle price war is heating up, all consumers set the benefits could best accelerate the switch to the battery operated costs. the seen a small loss, but scary, artificial intelligence is almost limitless potential. it can even generate new
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stories like bows, working by altar are lists for this program. for example, i could transform industries from health care to finance companies, a racing to develop the technology, but many are such as the fear that a i could pose dangerous to humanity out, according for a pause and it's development, victoria kate, can be ripples. the members of the voices, bills of america, on the picket line, outside the netflix studios in los angeles. the union is sounding the alarm about advanced artificial intelligence, taking screen vices, jobs. they want studios including disney and m, as in to restrict it to use. i think they have to know they can't really do it at least right now, but i think that's what syria is that who knows how this technology will advance. so we're trying to protect our rights now general received a system such as chat g p t can engage and realistic conversations respond to emotions, write stories, and various styles, and even compose music. jeffrey hinton is one of the pioneers of
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a technology. he recently quit his job at google speak out about it's dangerous. he owns a, i could replace millions of jobs with organization, but i think it's gonna be huge increase in productivity. my worry is those increasing productivity. you're going to go to putting people out of work and making the rich richer and the for, for a as you do that, as you make that got bigger, society is more move on in march. moving to 1000 technique is signed in open left to cooling for 6 months, more toward him on development. owning the race to advance a guy is out of control. there are no independent safety protocols. and some analysts question whether texas can be relied on to make ethical decisions. they have a profit motive, and this motive doesn't necessarily align with some of the very tough decisions that may need to be made about a i. and that doesn't really square up with the needs of a company that has,
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is responsible. twitch, shareholders suppose is if a technology side will make the world better and safer, and that it's a solution to labor shortages. the critics one regulation is urgently needed to ensure its effects a positive and the risks manageable. victoria gay to be for counting the cost. a what a new report by investment bank, goldman sachs says that a i could replace at least 300000000 full time jobs. and that will vary across sectors. 46 percent of tasks in administrative. what could for instance, be automated? i think a slightly lower for legal professions at only 6 percent in construction and 4 percent of maintenance jobs will be affected. the bank predicts the technology could drive a 7 percent. that's almost 7 trillion dollars worth of increase in global ged pates and it could live productivity growth by one of the hop percentage points over time . the period. joining us now is joe had to get a job. joe had is
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a pop and chief technology officer for the u. k. and e m e a region that's who were at least an africa, a price waterhouse coopers. good to have you with this, joe had so 1st question. who set to make money out of a? i mean, this is really fast moving is it's hard to understand if the, if i take that it has to be in 2 ways. one is, isn't technology, one of the business in the tech space. if i look at open a on what they doing, the sensitive, providing and really impressive, but there are other places out a google map, and i'm about to be taking place or whatever. i just kind of holes. so i think it's unlikely there's going to be one thing that's going to drawing economic price. so i believe so i think it's, we're going to have choice, which is a good thing for the business. despite the may not be windows and loses, cost industries provide me with going to see is the creation on you organization. if we look at e commerce waiting to really start to get going,
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if you take the retail industry, for example, right now we don't even buy things on amazon. we don't go schools on. that's going to happen with the emotions that i see when i say she was not by the way so that we can see lots of new organization taking the benefit of this account. but this we hold in, in victoria as report a few months ago, people are worried about losing that jobs. okay, that will be new opportunities a, i will, will bring about new industries, new companies. are they going to be doing more with fewer people? a do they need a workforce? is interesting. i don't think we're going to be in a world where we live up to running well, but i do think it's almost like this invitation. we know the productivity improvements are going to lead to, you know, the refinement at the top. no, i sell evolves, that'd be something that productivity improvements. the. but it'd be just honest, aged not going to have an impact on the adoption of labor and some, some industries as well. what i would say easy history told us with rapid
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technology. that is, what we see is, is that the g d p growth, resulting from technology that is fueled by light. i buy a new job to us. you know, i think a lot of those new jobs are going to be around areas where we need more human needs, like more human insights. so i think it's a very complicated workforce division feature around the world to mention some activities. the adoption of light in some areas within the creation of a whole new industry workforce and government business. we're monitoring this right now. just seeing how it plays out. all right, so which industries in particular will benefit? you mentioned retail. i mentioned in the introduction here that a i could have written this, this program put it put together. it would like the human insights that you talked about and that's necessary. in general, isabel domestic. it could be done what other industries with benefits. so i think it will be when is it loses in every industry?
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asked off by saying that because if you look at the power of this technology, it's multi, it's multi task oriented. very nice. so in organization, so the industries and organizations that i think you're going to be able to lean in to this agenda low are the ones where they have large amounts of processing, large amounts of data, large waiting. so i need to be driven and october systems, and they judge how, what, what i would say is the criteria the when isn't lose, is it less of that industry? and i think it's more about a criteria wanting to around the how the price is utilization. an organization on the flip side, easy scan of the risk checks the do to have it on this. obviously check the batch i scanned the risk and don't mean you know, i think that's the key criteria. i think it's hostage and it's really cool. there's a lot of worry out at the moment about how they, i, and potentially get that. it tells you how to trust when you're just assuming you
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can see amazing us citizens. now how do you put the plumbing in the process in place, checking and managing the technology, but also the managing the risk and the guy is going to determine which, which organization in your respective industry. so however, the patients should look at reasons of their how they want to adopt technology, right? well, what about individual employees? what's this going to do to wages? that's really good question right now. the correlation between wage increase and, and improve productivity. this is a direct correlation between july, the productivity to which i have a lot of this technology. if it's deployed the right way, we trust outcomes will show way the um, we can prefer to do so when this happens or is it seems like it's a bit of a no brainer and the wage increase. however, to try to picture that, i know the number of guns thinking about and explore range. so what is the on
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income distribution i just started to read the rapid advances of technology has an impact on income. so i expect to see yahoo started to think about policies in this advice. i expect you to come out around training, haven't reached a levels. we usually can. i use people of the elderly. that's sorry. so it's a bit more complicated picture, but ultimately improve productivity. can get his mind dried more mocking improvement and the dash you have a solid effect as well. all right. one last question. we've all heard the scam on during the due, late and comments about a i being a threat to humanity. what, where do you stand on, on that at the very least, could a, i disrupt economies, could it be bad for the global economy? yeah, certainly a bad thing. the companies we need to address address be thinking about the cost of
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a lot of stuff, which is a big cluster of, you know, actually, so the risk. but i wouldn't be kind of businesses to, to not be frozen to the risk reduction seen by how they manage. how does it work? is this risk there? there's risk of, of bias and discrimination. this risk of data is judy. the privacy emoji was like, oh, i mean, honestly i p of the content is created. lows out i think, i think the risk agenda is really important. i think it would kind of crap as fast on how we can get the value out of this. and they, you can see that technology might be used for good. so the key thing here was bringing the guidance controls and the price to build cost. if i think about your consumer goods organization, i do need you to see list of trust, drug companies, they don't, they weren't reading and we're going to see significant gdc increases that our specialist operating side. i'm going to talk to, jen,
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this really is not going to be in government regulation, haven't even last price calling. i saw joe had just been rainy, go to talk to you or cash in the costs many. thanks and thanks for being with us. thank you for the time. the gemini has record of employment right spot, the number of job vacancies was an all time high last year. first of 2000000, around 630000 of those liked skilled workers to fill them. whether it's i t specialists, nurses or even head dresses. companies across different sectors are struggling with labor shortages. and the situation is expected to get even worse. the government aims to fill look at by encouraging foreign talent to take up a job in germany. when the cabinet is approved, changes to its immigration laws to attract skilled workers, particularly those coming from outside the european union. the reforms include a points based system which would make it easier for workers with the required
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skills to come to germany and are expected to be passed in both houses of parliament in the coming weeks and could increase skilled labor migration from non e u countries. by nearly $60000.00 people each year as well. experts say that germany needs at least $400000.00 skilled immigrants to arrive each year to soften the impact of its aging population on the economy. and that needed to fill vacancies, particularly in the health care i. t and construction sectors. the cabinets has also moved to address the rise of the number of on the skilled people in germany. it plans to give young people financial incentives to participate in a training program. among the meshes, while in recent weeks, labor shortages of almost replaced supply chain disruptions as the main drag on production for many european and german companies. as we can see here, the limiting output in 42 percent of germany services firms. i'm 34 percent of the
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countries industrial group that figure out drops to 30 percent for construction companies. will discuss all of this were joined down from q in job 80 by steph. i'm code step one is the vice president of the key institute for the world economy and the director of the business cycles and growth research center, good ideas on cash, and the cost of fund. so we've got germany with the record employment at the moment and get a scale shortage. what's going on? well, we have are short term problem, which is a, basically a post pandemic issue due to a sick leave numbers that are way above what we read used to in this country. but again, this is a temporary pro, problems, so this will disappear by itself. what is much more of a problem for the growth perspective of the jeremy economy is well, quite simply, this population is aging and therefore the demographic factor is rating on our gross output. but hang on germany had a wave of,
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of immigrants come into the country over the last few years. what's happened to them? are they in the labor market? that's true actually. without those image grounds, we wouldn't reach the view is also a decrease of a decreasing workforce. even earlier, but the most of the immigration is flights immigration, so this does not really match the qualification profile that we are lacking due to those people that are now retiring. and therefore we need a different kind of emigration basically from our economic interests. so the one is a human to many terry and purpose pry of pri, dominantly, but the, from the gross perspective, we actually need the quantity flights immigrants. and those are still not coming in
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the numbers that you would need to see in order to compensate for the losses of the domestic population. all right, so to attract that kind of work out, the government is changing. germany's immigration laws took us through that. well, i would say germany does not really have a problem with it's the immigration roles, but rather with the way we administrating these applying these administration roles. there are a lot of obstacles that the potential immigrants face um, from the bureau kit bureaucratic processes. and i think this is something that we have to become better so that it's, it's a more fluent experienced for those tenants that he wants to attract. so let's don't forget that the competition for the tenants uh, from all over the bill is so then it has ever been before. the younger generation in particular is more mobile as an ever generation wants people. and they are,
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for germany's only one of many destinations that is competing um to become an interesting place to work and are here. not all their sectors are on the agenda. so how can the governing but make sure that the job it is not just an interesting place to work with the place to walk the place the people want to go to? well, the coming, the place of choice is quite a challenge, but they are a couple of things that the, the, the government could work on. number one, of course is to streamline the immigration process is making it easier for applicants to come to the country seconds. we have to work on our euro criteria and a let's say read safe. in general. when we look at the international rankings, um, we are losing ground. and number 3,
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we have quite a high tex rate here in germany, in particular for labor and the people do not come to the country in order to make the life of the government easier. but in order to have their own life, and they want to, um, build their own kind of a company here, or one to build a future for their family. and the, with the high techs rates. this is rob of something that makes the country less attractive. all right. what about the, on the skilled workers? we talked about a little earlier to inc. country already a day, a possible solution. was the government doing about, about training, about bringing people up to the kind of skilled level of the country needs? of course there is some potential, but i wouldn't the over estimate this of people who come to the country with the
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poor quality vacation very hard. they have for them, it is very hard to get qualified to the level of we currently need. um, typically a good quantification stops at the very early age already starting from the kindergarten, from the schooling system. uh and here again, and there's a lot of room for improvement. but for people who come into the country while writing adults who are not, well qualified for them, there's very little to do from the qualification sites. there's a few other question of making the labor market more flexible so that they can find the job and make sure that they're all spring. so the 2nd generation of immigrants then gets a good chance to be well integrated to well, 25, well trains for working in the country really got to talk to you. i'm counting the cost of stuff on manufacturing data being with us. you're welcome. my pleasure. the
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electric vehicles are becoming increasingly popular as concerned about the environment grows among people, despite being more expensive upfront and fossil fuel powered ones. lots of competition between also makers, grows the cars could become more affordable and accessible sooner than expected. tesla's decision to start cutting prices this year sent shock waves across the industry, world wide triggering what manufacturer is called a price war and economy. it goes, took several rounds of cost cuts in an attempt to start demand. ford is just announced, it's reducing the price of its electric s, u, v. once again. well, tesla has recently increased prices in its most important 80 markets including china and the us reversing a series of recent price cuts. now despite the rise, as the price of the test was, the vehicle is still low. so they were at the start of the year. i will try to get out from london is, is a base. what do you, i'm is your basis head of equities of premier miles on group. good to have you with
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this service. why did test look up prizes in the 1st place and then put them back up again? was it the right thing to do? yes, i mean, what we're seeing is actually the volumes of electric vehicles are becoming more and more significant over the is about needing to maturity the market in the early stages of the market. you tend to find that actually the value of the new adopters tends to be quite highly priced. so then you adopters. and then as you move into rio volumes, the unit price is of the essential vehicles. in this case, come down to match the cost of production and much to take me in the last 12 months . cost production has come down electric calls and not just made of steel and or the normal things actually heavily involved and to energy prices and energy prices . as you know, if you consider they says to fact as well, i'm the markets maturing. secondly, the cost of the production of equity has come down and that reflected the reduction in processed by it test. well, recently we have seen that uh some pick up in demand and so it has that has fine
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changes prices and by slight increase in the price is just based, okay. but as we mentioned, to big companies tests, and for all of the manufacturers following through the costs coming down for everybody or, or is this, this sort of bringing down prices by the big manufacturer is going to help the ones who are just getting a, a toe hold into the electric vehicle market. yes, i mean the very last number is the price of companies which are involved in manufacturing calls and it goes quite a few on quite a companies result in this sector as well. so. so the bottom line is as large number of investors, i'm just i, we do agree that there will be some conventions which come popping some surprising . there will be 2 capacitive market for some of the names, but we have a hand many of the other companies will continue to grow their volumes. the unit process will come down on that for they turn the ultimate they, they provide a range of different perhaps is not just test that, but many of the capacitors operating in the market, which will ultimately reflect in an inquiry in between units. amount on um a spike. uh and then it goes to best buy lock. it stops mature and you can get
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really very main street mortgage this uh, established not in that manner, but as process a come down to, to, to manufacturing, getting a cheaper will govern governments, maintain the program of subsidies. but many of them have about between coverage. the likes of you and i to get an electric vehicle. i think what we will see is actually the, the subsidies coming off. they've already a number of governors, some already reduced the subsidies, some of entirely moved away from subsidies and tati. so i think that was always going to be, i know the stage adopted teacher where the unit costs were renters of expensive. they wanted to get new get it produces into production. they wanted ultimately to get new to moms created it, and they were affect to be pump priming the market through a subsidies of that stage. it was never intended. the government said subsidies would be here. and then i'll get to how long the before the price of a these falls below that of traditional fossil fuel costs or even reaches power seat. yeah, we all saying that i'm sure there was an expectation,
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the market that there will be not just a, in a ease for many as a sort of slightly higher prices of across some of the higher specification models . but we do expect, ultimately, and quite soon, in fact, quite a lot of problems come through in the more mainstream pulse and lock it in some of the lower cost models. and i think even test uh, making 1000 spaces. but i think most international companies are looking to occupy that might possibly lock in as well. so i think that's possible in the maturity of, of the market. but actually is it's interesting. there's actually electric cause of differentiation from many of the, in a column based energy suffice accost traditional cause, where they actually use a lot of energy to actually manufacture these calls of energy prices, a low ease of very competitive versus the mainstream. a stablish customers. this app is compound companies, but on the other hand is energy prices was to move off uh for whatever reason made it very elevated levels. then of course, electric vehicles at that stage may be much less competitive and many of the more
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traditional calls may actually be more low price competitive at that time. and how long should i use before we're all driving around in an electric vehicle? but i do wonder whether it's a b 5 the electric vehicles into close. i mean, clearly they have available just think of the cost of ownership is very low. it's not just the cost of buying cost, but actually you may need to crack your hiring cause and keeping them service. the rest of it. electric vehicles tends have very low repair. it costs a certain type of customer and it should come be a lot know even if you end up paying a bit more to start with. so i think the electric vehicles would very much take of some of the market share, but i think there will always be certain. austin ok it, well actually you've got rid of the energy requirements and they're going to be have to have some other sources. it may be in hodge and it may be may say, we just don't know at this stage, but most particularly um, we think that there will be a very, very wide established market. so electric costs and, and they will be as more market for some of the other alternatives, or even possibly even some conventional pass those vehicles elsewhere. really good
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stuff to use your face, manufacture date for being with us on counting the cost very well. and that's our show for this week. if you'd like to comment on anything that you've seen, you can treat me. i'm at a fit again on twitter. try to use the hash tag h i c t c. what do you do? or you can drop us a line transfer of the cost without a 0 dot net email address. as always, there's plenty more for you online at l, just 0 dot com slash ctc. that takes you straight to a page, and then you'll find individual reports links at a time episode, see the catch up on. but that is it for this edition accounts with the cost. i'm a free instead of going from the whole team here. and so how, thanks for joining us for the use on alice's 0 is next the
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russell bid in southern england with 2 farmers trans safari park. pioneers fits the attractive nature and the driver was just absolutely astonishing. the license pulled back even not sorry for us. so much, and i'm again sophie, i sent you over to me when one volume you're in companies revolutionizing. this was the same using funds in our 50 settings image. and here inside you have science. you have a technology, fast fries, phone out your 0. the secret it was president key and my last so just holds polymers and cones for early
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