Innovation is the key to American prosperity

10/25/2013 | Reuters

Economic growth is driven by increased labor, increased capital or increased innovation, writes Allison Schrager. With labor and capital supplies set to wane in coming years, America's economic strength will depend on its ability to keep innovating. The big question, Schrager writes, is whether the U.S. can avoid stagnation and keep producing ideas that improve consumers' quality of life.

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