As Uber gears up for IPO, many Indian drivers talk of shattered dreams

As Uber gears up for IPO, many Indian drivers talk of shattered dreams

In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall. Thanks to attractive cash incentives offered as Uber lured drivers in one of its biggest markets outside the United States, Raut’s monthly earnings jumped to $1,280. He managed his car loan and home rent with ease, and sent more money than before back to his family in a village in eastern India. But as Uber slashed incentives, Raut’s earnings dwindled swiftly. His income dropped to about $540 a month […]

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