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Published on: 2025-04-24 22:39:31 Published on: 2025-04-24 22:39:31

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should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. A takeout delivery rider suddenlyloses itin the middle of the road, smashing his cellphone on the pavement after getting a negative review from a customer.

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In yetanother incident, crowds of angry drivers gather outside an apartment complex, demanding justice for a fellow delivery driver said to be bullied by security guards there.

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should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. The $200 billion industry, the world’s largest by revenue and volume of orders, more than doubled during three years of Covid-19 lockdowns and once provided a solid income for casual workers. But not anymore.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. As China’s economy grapples with a raft of setbacks, from aprotracted property crisisto a lack ofconsumer spending, delivery workers are taking a beating.

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Gross domestic product grew by 4.6% in the three-month period from July to September, compared with a year ago. That was just slightly higher than the expectations of economists polled by Reuters, who had predicted expansion of 4.5%.

“They are working long hours, really being squeezed,” said Jenny Chan, associate sociology professor at Polytechnic University of Hong Kong. “[And] they will continue to face pressure as [delivery platforms] have to keep the cost low,” she said.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. A sluggish economy means people are ordering cheaper meals. That cuts into workers’ earnings because most work on commission, which forces them to work longer hours to maintain their earnings, Chan says.

In addition, the dominance of two major food delivery platforms enables them to dictate contractual terms, leaving little room for workers to push back on deteriorating work conditions, labor rights watchers say.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. About 12 million drivers form the backbone of China’s vast food delivery network, which began gaining traction with the 2009 founding of the app Ele.me, now owned by tech giant Alibaba (BABA).

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Last year, profits at two of the industry’s two biggest players Meituan and Ele.me both surged. Meituan’s revenue stood at $10 billion dollars, up 26% compared to 2022.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Free real-time market data to help you quickly recover and avoid losses. Alibabareported revenuesof $8.3 billion for its local services division, driven primarily by Ele.me, in the financial year that ended in March 31, a 19% increase from the previous year.

Last year, they made 6,803 yuan ($956) a month, according to a report from the China New Employment Research Center. That’s almost 1,000 yuan ($140) a month less than they were making five years ago, despite many reporting working longer hours.

It may not sound like much in US dollars, but a difference of 1,000 yuan is a large amount in a country where the national monthly average wage was 1,838 yuan ($258) last year,according tothe NBS.

Lu Sihang, 20, told 【 - Free Top-Rated Stock Analysis 】 that he works a 10-hour shift making 30 deliveries per day. He earns about $30 to $40 each shift. At that rate, Lu has to work almost every day to meet the $950 average.

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China’s “downgraded consumption” is to blame, says Gary Ng, an economist with French investment bank Natixis. As China’ economy slows, consumers are spending less.

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should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Expert predictions with real-time stock indices, futures data, and metals, energy market data to help you seize the best investment opportunities. That eats into delivery workers’ income as their pay is usually tied to a commission based on the price of the order. When customers are feeling cash-strapped, they are also less likely to offer tips.

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“If you have a huge supply of workers, their bargaining power will decrease. Meanwhile, there is only a limited amount of delivery orders to share among them,” Ng said.

It wasn’t always this way. Research by China Labour Bulletin, a Hong Kong-based NGO, said the delivery apps initially dug deep into their pockets to offer higher wages in order to attract enough workers for their expansion.

“But as conditions have changed, with platform companies monopolizing the market and algorithm development controlling the labor process, workers have little labor protections and have lost a degree of freedom,” it said.

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Chan, of Polytechnic University, said platforms invested heavily at the outset to slash prices to price out competitors. But now that they have achieved their dominance, they’ve begun to shift the cost burden to drivers by cutting their bonuses and pay.

Earlier this year, state-run online news portal Workers.cn reported several complaints from drivers who said they had done nothing wrong.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. A driver said he was fined 86 yuan ($12) for not picking up a prepared order, even though he had informed the restaurant he wouldn’t be taking it because the restaurant had failed to get the food ready on time, Workers.cn reported.

Chan said another problem is that delivery workers are treated as freelancers paid by each trip, rather than getting a monthly salary, which incentivizes them to ignore dangerous road conditions to make as many deliveries as they can.

“Who would want to run a red light if they can deliver the meals safely? But they can’t afford to,” she said.

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Just last week, Chongqing Broadcasting Group aired news footage of a deliver driver slamming his scooter into a car at a cross junction in the southern Chinese province of Hunan after running a red light.

should abb india limited (500002) be sold ✌️【Accurate Stock Selection】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. A 35-year-old delivery driver who gives only his family name Yang acknowledged the downsides, saying the industry was “not as good as before.”

But he still thinks the job suits him for now, having juggled a slew of previous roles in the past, from selling snacks to working in an office.

“It’s a job with flexibility. If you want to earn more money you will need work longer, if you want to rest, then you can work less,” said Yang.

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