Early Edition with Ryan Bridge

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

  1. 12 HR AGO

    Ryan Bridge: What's cruel versus fair in the social housing debate

    Nicola Willis' Lotto comment yesterday was clumsy, but in the end, much ado about nothing. The politics of this housing thing are pretty simple. You've got 80,000 social housing tenants who probably weren't going to vote National, who now definitely won't vote National.  You've got 110,000 better-off voters who might soften to you. You've got a frothy media and opposition who will use this as a stick to beat the Government with until November. But here are the facts. If you're a voter worried about rent, they're now materially cheaper than they were under the last lot. The average is down $30 a week nationwide, from $660 to $630 in April according to Realestate.co.nz. They shot up for a couple of reasons, one of which was Labour's landlord-bashing interest deductibility shocker. Which didn't hit mega-slumlords, by the way, it hit mum-and-dad investors, many negatively geared, who couldn't afford to hold on to their retirement nest egg any longer, got hit with new tax and compliance costs, and got out. Shortages help push up prices. The bad news is Labour's more likely than not to do this again if they get back to the Treasury benches. The social housing waitlist was 25,000 in 2023. It's now 19,700. Labour was paying $1 million a day on motels. So, let's talk about what's cruel and what's fair, and what motivates these politicians. Let's play "who's more cruel". Willis and Bishop are changing rules to even the playing field. It's cost neutral. The Government's not saving money here. Hipkins and Co. were banking $1.8 billion in extra taxes that other legitimate businesses weren't having to pay. Just landlords. In which of these two scenarios are Kiwi renters better off, and in which are they worse off? If there's one thing worse than being cruel to be kind, it's being careless. See omnystudio.com/listener for privacy information.

    2 min
  2. 1 DAY AGO

    Ryan Bridge: The AI takeover isn't coming, it's here

    The AI and robot takeover isn't coming, it's here. Well, sort of.  A bunch of data's come out on this over the past few days.  Seek says job ads mentioning AI have doubled in the past year, up 4.1% from March to April.  Nicola Willis reckons AI tools will help shave 9000 odd jobs off the public service in the next four years.  Meta has this morning started firing 10% of its workforce, around 8000 workers in the first round, to make way for AI tools.  The workers are so brassed off, a bunch of them are signing petitions demanding that Zuckerberg NOT collect their computer-use data.  That data is being used to train the AI models that will replace them. Their work is being copied and pasted into a bot that will soon replace them.  A petition will not stop this. Nothing will stop business becoming more efficient.  Resistance is, in this case, futile.  In some cases, new technology is being used to plug gaps, rather than create them.  And this is the irony of the new workforce, which is not human labour, but technology: it cuts both ways.  Take China, for example. Their problem is not a shortage of jobs but of workers. The ageing population and lack of babies is about to hurt their factories.  They're going to lose 37 million workers in the next ten years. That's a few holes to fill in mega-factories.  Enter humanoid robots. Barclays, the British bank, reckons 60% of those jobs will be performed by humanoid robots inside the next ten years.  Basically, there's more chance your next new colleague will be a bot or an AI tool than ever before.  Either learn to get along and play nice with them, or they'll replace you.  See omnystudio.com/listener for privacy information.

    2 min

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A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

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