Recessionberg: I am an idiot

From Josh Recessionberg at The Australian:

Josh Frydenberg will issue a rallying call to company bosses to ­invest more in new technologies — rather than returning excess cash to shareholders — in a bid to kickstart flagging productivity and boost wages by $3000 a year.

In a wide-ranging address to the Business Council of Australia, the Treasurer will today question whether the nation’s biggest corporations have been “aggressive enough in the pursuit of growth” or too heavily focused on returning extra capital to shareholders or sitting on idle piles of cash.

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