by Deepak Shenoy, Capital Mind I’ve been taking a lot of Ubers and Olas to work. More Uber than Ola [1], and I get phenomenal conversations because I can speak in Kannada, which is apparently a rare thing in Bangalore, looking at the number of drivers who seem to be delighted. The economics, from the driver’s angle, is fascinating. The first few things you realize is: The drivers are not “dumb”. Like I’ve found with auto drivers and politics (excellent awareness), the economics is plain obvious to the Uber drivers and they aren’t headless chickens. The vast majority of them are honest drivers who actually call each trip a “duty”. But each one is prone to a few points of “abusing the system”. We’ll get to that. There is complete acceptance that the current economic situation is extremely abnormal, and…
