Re:How Estimates of the Gig Economy Went Wrong
by kopos on Wednesday January 09, 2019 @10:02AM
(#18865146)
Interestingly, in India, Uber paid drivers upwards of $1700, in in the initial 1-2 years, as incentives to get them onto the platform. Drivers took loans and mortgages to buy cars which they couldn't pay after the incentives were taken off.
Lot of drivers went into debts and sold away their cars. The market has probably more stabilized now.
But inspite of all the talk of tech, we are still looking at these platforms taking 25%-30%.
People criticising and blaming companies eager for taking advantage of either naive or uninformed people is how the economic system becomes less vulnerable and how people learn what to be careful off. Openly criticizing these companies is how next workers become informed about traps like this.