A recurring theme among ride-hailing executives from the likes of Lyft and Uber is that their platforms will help reduce congestion in the world’s most populous cities. However, anyone actually living in these places will tell you it doesn’t appear to be working. Cities like New York were already clogged with taxi cabs but, instead of seeing all of these drivers buy personal vehicles to enlist as independent contractors for ride-hailing firms, Uber and Lyft brought in new drivers, more vehicles, and fresh competition.
Worse yet, ride-sharing alternatives like Uber Pool have moved people away from buses and trains and placed them in the backseats of cars — further compounding the problem. It turns out city dwellers who already owned an automobile didn’t suddenly decide to get rid of it, and those who were heavily invested in mass transit discovered an affordable car-based alternative.
Read Article