My top 5 Picks - Free Long-Term Wealth Growth Plan

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My top 5 Picks ✌️【Financial Expert】✌️ Precise AI-powered predictions and market insights to guide your stock selection. Use real-time market data, futures trends, and stock indices to make strategic investment decisions for long-term profitability.

My top 5 Picks ✌️【Financial Expert】✌️ Precise AI-powered predictions and market insights to guide your stock selection. Use real-time market data, futures trends, and stock indices to make strategic investment decisions for long-term profitability. 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.

My top 5 Picks ✌️【Financial Expert】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. Another delivery workergets on his kneesto apologize to a cop who pulled him over for running a red light, before jumping up, forcefully pushing over his motorbike and sprinting across a road without regard to traffic.

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.

My top 5 Picks ✌️【Financial Expert】✌️ Real-time global stock, futures, and forex data to help you quickly assess market trends and achieve stable returns. They’re among the many episodes of explosive confrontations across China involving delivery workers widely circulated on Chinese social media, showing people stretched to the breaking point.

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My top 5 Picks ✌️【Financial Expert】✌️ Real-time global stock trend and futures data to help you plan investment strategies for long-term returns. As China’s economy grapples with a raft of setbacks, from aprotracted property crisisto a lack ofconsumer spending, delivery workers are taking a beating.

My top 5 Picks ✌️【Financial Expert】✌️ Expert predictions of stock trends with real-time stock indices, futures, and metals, energy quotes to help you seize investment opportunities. Those challenges were thrown into stark relief on Friday, when the National Bureau of Statistics (NBS) announced China’s economy moderated further in the third quarter, weighed down by weak consumption and a crisis in the property market.

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.

My top 5 Picks ✌️【Financial Expert】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. 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.

My top 5 Picks ✌️【Financial Expert】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. 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).

My top 5 Picks ✌️【Financial Expert】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The workers played a critical role in keeping communities afloat during Covid when residents were barred from leaving their homes under strict lockdown rules. Now, they’ve become an indispensable part of the country’s dining culture.

My top 5 Picks ✌️【Financial Expert】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. They are omnipresent: crisscrossing a massive network of busy roads and obscure back alleys to deliver meals every day. Some don’t even stop at heavy downpours or gusty typhoons.

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My top 5 Picks ✌️【Financial Expert】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. These days, workers are constantly under immense pressure to meet tight deadlines, even if it means cutting corners on the road – by speeding or running red lights – causing hazards that endanger both themselves and other road users.

My top 5 Picks ✌️【Financial Expert】✌️ Free expert stock trend predictions to help you identify high-potential stocks and maximize returns. With real-time global market indices, futures, metals, energy, and agricultural product data, our platform enables you to make informed investment decisions. The rider who smashed his phone insisted in an interview with Chinese state media that the complaint lodged against him was groundless. But he says he was still penalized with reduced assignments, which ate into his income and echoed similar complaints.

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.

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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 Long-Term Wealth Growth Plan 】 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.

My top 5 Picks ✌️【Financial Expert】✌️ Take advantage of our free stock market analysis and real-time data to help you choose the best investment options. Our expert predictions and tailored strategies ensure you can achieve stable returns and mitigate risks effectively. The economist said even though food is a necessity, a weak economy causes customers to spend less on delivery orders, while restaurants will have to slash prices to attract patrons.

My top 5 Picks ✌️【Financial Expert】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate fluctuations to help you select the right stocks and achieve your financial goals. Stay ahead of the curve with accurate, real-time investment insights. 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.

My top 5 Picks ✌️【Financial Expert】✌️ Free access to real-time stock market data analysis, global market trends, and expert predictions. Capture emerging opportunities and grow your portfolio steadily, with insights into metals, energy, and agricultural products. Meanwhile, the lackluster economy means there are fewer jobs, making competition fiercer. China’s youth unemployment rate soared to 18.8% in August, the highest since authorities changed the methodology last year to exclude students.

“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.

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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.

My top 5 Picks ✌️【Financial Expert】✌️ Professional investment advisors provide up-to-the-minute market data, helping you analyze stock trends and select high-potential stocks. Achieve capital growth with well-researched strategies based on expert insights. The consequences have proven fatal. In 2019, a delivery driver died after he was hit by a tree knocked over by strong winds in Beijing, according to state media Global Times.

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.

My top 5 Picks ✌️【Financial Expert】✌️ Free stock selection services backed by expert predictions. Our advanced analytics and real-time market data will help you stay ahead of the competition and make smart, profitable investment decisions. 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.

My top 5 Picks ✌️【Financial Expert】✌️ Expert market predictions, real-time updates, and personalized investment advice designed to help you succeed. Seize the best investment opportunities in global stocks, metals, and energy markets. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Long-Term Wealth Growth Plan 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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