Section 4.3 of this chapter showed that real wages have risen over time, while the real rental

Question:

Section 4.3 of this chapter showed that real wages have risen over time, while the real rental has remained roughly constant. Can you explain this through the relative growth of the capital stock and the labor force? What role does technology play in explaining the relative growth of real wages and returns to capital?
Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...