There is much more to life than work. We all have families, friends, and a beautiful world to enjoy. We need more time off to enjoy it.

you are viewing a single comment's thread
view the rest of the comments
[–] 11 points 1 year ago

https://en.wikipedia.org/wiki/Jevons_paradox

In economics, the Jevons paradox(/ˈdʒɛvənz/; sometimes Jevons effect) occurs when technological advancementsmake a resource more efficient to use (thereby reducing the amount needed for a single application); however, as the cost of using the resource drops, if demand is highly price elastic, this results in overall demand increasing, causing total resource consumption to rise.[1][2][3][4] Governments have typically expected efficiency gains to lower resource consumption, rather than anticipating possible increases due to the Jevons paradox.[5]

  • source
  • parent