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https://www.silomarkets.com/launch
Food delivery became a ubiquitous industry overnight thanks to the pandemic. Basically every restaurant now offers food delivery through a variety of apps, including Postmates, Uber Eats, Door Dash, and GrubHub. But even though food delivery is quite convenient, it's not really beneficial for anyone. For consumers, food delivery is particularly costly, with the average American spending $1,800 each year on food delivery. Investing this money could bring in several hundred thousand dollars in retirement. As for drivers, although it appears that drivers are able to earn a fairly significant turnover, when taking into account self-employment tax, long working hours and lack of benefits, food delivery doesn't pay much better than minimum wage. salary. This deal is also not very attractive for restaurants because they usually have to pay huge fees to food delivery apps to get their restaurants listed. At least you would think that the food delivery apps themselves are doing well. But, even though they have countless customers, they even make a profit due to the high cash intensity of the process. When you zoom out, everything makes sense. It simply takes an extraordinary amount of labor to deliver a meal from any restaurant to any residence within an hour. So all the money each party pays just goes towards expensive logistics. This video explains the terrible economics of food delivery and why you should think twice before using one of these apps.
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Timestamp:
12:00 a.m. – Food delivery
2:23 – Fraudulent customers
6:15 p.m. – Fraudulent drivers
9:53 – Fraudulent restaurants
1:20 p.m. – Swindle yourself
Resources:
https://pastebin.com/jHRff1PG
Disclaimer:
This video is not a solicitation or personal financial advice. Every investment involves risks. Please do your own research.
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