How Many City Employees Does it Take?

6Feb2007 Filed under: Chicago Author: Mike Van Winkle

Thanks for this one Josephp:

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Dallas
February 7th, 2007 at 11:14 am

I think it’s a simple Cobb-Douglas production function we need:

q = A * (L^alpha) * (K^beta)= f(L,K)

The problem here is, Chicago obviously hasn’t heard of the Law of Diminishing Returns.

In the long run you don’t just add L (labor) but you have to add K (capital) as well.

My interpretation: (Glad you asked)

Bigger shovels! Look how small those things are.
Mike
February 8th, 2007 at 9:16 am

Interesting equation. How about one guy and a snow blower?

The fog comes
on little cat feet.
It sits looking
over harbor and city
on silent haunches
and then moves on.
-Carl Sandburg

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