←back to thread

I spent two weeks delivering for Uber Eats and made $4.40 per hour

(www.breakit.se)
383 points imartin2k | 3 comments | 13 May 17 10:08 UTC | HN request time: 0.737s | source
Show context
losteverything ◴[13 May 17 13:39 UTC] No.14330902[source]▶
As a comparison, $17.40 is what a rural carrier starts with the us postal service. [1]

After a strike in the '70s postal workers could bargain. This has led to stable, unglorified, mid pay jobs. The bargaining was and is key.

Now, if you sign up as a City carrier you can (with luck) become "regular" in 90 days. You will get 23 paid days off, eligible for federal pool health insurance (quite good 2m pool) where you pay 25% premium, never work Sundays, guaranteed 40 hours work a week, no email, stress, home by 5pm.

[1] https://wp1-ext.usps.gov/sap/bc/webdynpro/sap/hrrcf_a_unreg_...

Choose state and "delivery"

replies(4): >>14330934 #>>14330968 #>>14332540 #>>14333341 #
1. boling11 ◴[13 May 17 22:32 UTC] No.14333341[source]▶
The USPS is also losing money at an unheard rate, even amongst VC backed startups in Sv - $60+ billion in the past 10 years.
replies(1): >>14333748 #
2. losteverything ◴[14 May 17 01:08 UTC] No.14333748[source]▶
Because of the funding mandate
replies(1): >>14334312 #
3. prostoalex ◴[14 May 17 05:06 UTC] No.14334312[source]▶
The mandate is there to prevent the funding crisis that is slowly taking place with any other defined benefit plan, e.g. https://www.google.com/search?aq=f&hl=en&gl=us&tbm=nws&btnme...

For a while the key to a successful pension plan was to assume that the stock market will grow at some unrealistic number, and if your numbers did not add up, just throw in another unrealistic number to boost the forecast.

As it currently stands, the global economy is awash in capital, so low rates and tepid economic growth are here to stay.

Outside of Thomas Picketty no one is able to run a large-scale investment fund that consistently generates annual returns of 10%+ year-over-year.