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Chicago appears to have had about 2.44 times more capital worker, which in a standard Cobb Douglas production function might suggest that wages would be 30% higher in Chicago.
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Finland, starting a decade or two later, revamped its innovation system but anchored it around its old system of institutional discourse between business, capital, workers, and the state.
Economic strength carried more weight than the other components of the index, which were chosen to measure cities' ability to attract businesses, capital, workers and tourists.
Meanwhile, at the big Qudas power station north of the capital, workers are adding two new generating units to the eight already installed.
In this frozen wilderness, a five-hour drive north of Edmonton, the provincial capital, workers arriving here confront the nation's third-most-expensive housing market -- after Vancouver and Toronto.
1 Rescuing Sri Lanka's Heritage In Jaffna, the Tamils' cultural capital, workers are slowly rebuilding the library burned by Sinhalese police 20 years ago.
This might be the result of using more or better capital equipment, using more efficient production processes, new inventions, or improving "human capital" (workers' education and skills, and their ability to adapt to different tasks).
In the past new technologies have usually raised wages by boosting productivity, with the gains being split between skilled and less-skilled workers, and between owners of capital, workers and consumers.
And in Bucharest, Romania's capital, workers from China have been camped out in freezing weather in front of the Chinese Embassy for two months, essentially stranded after their construction jobs disappeared.
At May Day parades in the capital, workers demanded the death penalty for the building's owner.
In summary, at any level of human capital, workers might not find jobs that suit their skills/diplomas because of the lack of work experience and/or difficulties signaling these skills (long-term unemployment can also bring observed skills below their potential6).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com