#Ethiopia #24/7Economy
As one of the low-income countries in the world, how many hours individuals are working both in private & public sectors? "8"?
How can we alleviate poverty by just working "8"hours?
We MUST create a #24/7Economy
@AbiyAhmedAli @EyobTolina @FitsumAdela

1/
Our annual gross domestic product is ~$100B. That is less than half of the world richest individual's net worth. We're 115M people and have a gross per capita income of <$900. Sad!
Do you think people in developed & emerging countries became richer by working <8 hours?

2/
Another fact #Ethiopia’s Human Development Index is at a low 0.38 which means that a child born in Ethiopia today will be 38 percent as productive when s/he grows up as s/he could be if s/he enjoyed complete education & full health. This is lower than the average for SSAR. WB

3/
How on earth then we expect to increase our productivity by working less than 8 effective hours in a day and 5 days a week? Shouldn't we challenge ourselves to go against the norm and increase our efforts to work 12, 14, 16 hours a day?
Ask yourself how productive you are.

4/
I know you are already thinking there is no enough jobs to take even if you wanted to work more than 8 hours. YES there is no enough jobs unless you created one.

5/
Here is the bare minimum what the people and the government should try to do in order to create #24/7Economy and increase production, productivity and income for everyone.
1. Mindset shift
2. Incentive
3. Action

6/
#Mindset shift- we have to collectively believe that our current work habit is the main cause of poverty in our country. We've to change our working habits to work day & night in all sectors of the economy (as people in hospitality, factories, law enforcement etc do)
7/
If you have a full time white collar day job, take a second job (why not blue collar) or start your own business in the evening.

If you are a university student take ANY part-time job 4/5 hours a day.

If you're a business owner try to make your business a 24/7 business.

8/
#Incentive- gov't must change policies and labor regs to make Public service hours longer than 8 hrs. Why not key public services (vital services, kebele, woreda, SC Fed agencies) operate from 7am-10pm? This creates incentive for individuals & businesses to get timely services
9/
In addition to changing working hours, invest in digital service provisions. Why people have to spend productive time and money to get simple services from gov offices that they can be provided online otherwise.
Pay public servants well and make government services efficient.
10/
#Action-one of our main problems (almost in our DNA) is slow in taking action or lack of collective actions. We've to change this common culture of ours "talk and vanish". We need to have a collective commitment to make things work. Let's learn to take risk to try new things.
11/
It's time for us to roll up our sleeves work hard to the maximum limit so that we can lift majority out of poverty with our sweat & blood. We must not let our children & grandchildren to be born & grow in poverty. Let's use our valuable capital #time 4 a better &bright future
12/
#24/7Economy- economy that functions 24 hours a day and 7 days a week should be part of our home grown economic model.

#TimeForAction.

End/

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More from @getfreeworld

Apr 10
#Ethiopia
Why @MoF_Ethiopia, @MoPD_Ethiopia and NBE fail to come up with comprehensive economic measures to fight inflation and the macroeconomic imbalance? 👇🏾Will have zero impact to tame the galloping inflation.
@EyobTolina @FitsumAdela @AbiyAhmedAli et al, hear this out
1/
First some facts regarding our economy
* Inflation is at 35% or more
* We are running negative real interest rate (-28%). Huge purchasing power loss on saving & income
* >$12B trade deficit (we import 3x more than we export)
* Shrinking economic growth due to war & drought
2/
* Chronic shortage of foreign currency
* We don't produce enough food
* High youth unemployment
* Very low capital, land & labor productivity
* Ranked low in ease of doing business index
* No proactive (but reactive) economic policies
* I can go on & on but let me stop here
3/
Read 21 tweets
Sep 20, 2019
THREAD
1. I'm on a long road trip & came across with #Ethiopia|'s 'home grown economic reform agenda' doc & tried to chew it but unable to swallow it neither as major economic reform nor as 'home grown economic reform'.
2. Without being bogged on how or what it is called, I will try to put my personal take & feedback on the the fundamental issues/flaws realted to to this reform. I remember a yr ago I've indicated what I think regarding major economic reforms should be undertaken in #Ethiopia.
3. General observation:
a) to certain degree it succeed to pin point some of structural constraints (still not the root causes)
b) it simplifies the complex economic issues and proposes simplistic reforms (it is like treating the fever without diagnosing the chronic infection)
Read 11 tweets

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