I'll be adding some stories from he trip now that we aren't trying to squeeze them through a dial-up modem we were renting by the minute.
The first is about food and economics.
Two doors down from the hotel in Addis was a bread stand. An 8 x 8 foot box, it was like every other bread store we saw in the city, and it sold only one kind of bread: a white baguette, about 10 inches long, the kind of thing your grocer would sell you for $2, or as a loss leader at $1.
Except in Addis is sells for the equivalent of 10 cents.
Probably nothing illustrates the Ethiopian economy better than that loaf of 10 cent bread. The ingredients are cheap, but everything else in the US economy that makes that bread expensive is cheap in Ethiopia, too. The rent on the small stand has to be nothing, as the daily gross in the stand will be $10-20 (100-200 loaves maximum) per day. It is probably baked locally, so there is little cost in transportation per loaf. But labor is the biggest difference in cost- unskilled labor is everywhere, so it is amazingly cheap.
We heard anecdotal stories of Ethiopians working as drivers for 70 cents per day, and that was considered a good paying job, one that would pay the bills, so to speak. But half of a day's salary would quickly be used up buying groceries one meal at a time from road side vendors. While a worker might keep a roof over their head and their belly full, gaining wealth would be difficult, if possible at all.
So while 10 cent bread is impressive in that all of the various steps in the process are making their penny per loaf, if Ethiopians had any significant money in their pockets, that loaf would bring more than a dime.
I won't be complaining about the state of my 401k for a while.
Peter