One promise of ride-hailing companies like Uber and Lyft was fewer cars clogging city streets. But studies suggest the opposite: that ride-hailing companies are pulling riders off buses, subways, bicycles and their own feet and putting them in cars instead.
It seems almost obvious when you stop and think about it. I guess we all fell victim to one of the classic blunders, the most famous of which is “Never get involved in a land war in Asia,” but only slightly less well known is this: Jevons paradox:
In economics, Jevons paradox occurs when technological progress increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the rate of consumption of that resource rises because of increasing demand. The Jevons paradox is perhaps the most widely known paradox in environmental economics.