Between May of 1997 and March of 2008 (over 10 years), Delaware’s unemployment rate was between 3 and 4%. But for the last four years, unemployment has stubbornly...
The vast economic gains of bicycling vs driving
=> One mile on a bike is a $.42 economic gain to society, one mile driving is a $.20 loss <=
Cross-posted from Grist – Copenhagen, the bicycle-friendliest place on the planet, publishes a biannual Bicycle Account, and buried in its pages is a rather astonishing fact, reports Andy Clarke, president of the league of American Bicyclists:
“When all these factors are added together the net social gain is DKK 1.22 per cycled kilometer. For purposes of comparison there is a net social loss of DKK 0.69 per kilometer driven by car.” 1.22 Danish crowns is about 25 cents and a kilometer is 6/10 of a mile, so we are talking about a net economic gain to society of 42 cents for every bicycle mile traveled. That’s a good number to have in your back pocket.
And what are all the “social gains” that bicycling grants the city of Copenhagen?
A number of factors are included in the equation such as transport costs, security, comfort, branding/tourism, transport times and health. [More...]