Edward Conard: Economic Growth, Innovation, and Middle-Class Prosperity

On how we can sustain economic growth, spur innovation, improve productivity, and ensure greater prosperity for the middle class. In this Conversation, businessman and best-selling author Edward Conard shares his perspective on how America can achieve these objectives. Conard counters the commonplace view, today, that the American middle class has been hollowed out and that economic mobility has stagnated. While recognizing a slowdown in productivity and growth in recent years, Conard considers the overall strength and diversity of the American economy, and the relative growth in middle-class incomes in America compared to peer groups in Europe as well as Japan. According to Conard, we must prioritize innovation and growth in order to meet today’s challenges—and he cites America’s opportunity to increase high-skilled immigration as the single best way to jumpstart innovation and productivity now and in the years to come.