Without innovation there will be no increased demand.
Untrue, in fact, the exact opposite is true: without increased demand there will be no innovation.
That's idiotic. It's socialist propaganda intended to make taking money from productive people and giving it to parasites as something positive for the economy. No credible theory of economics says paying people to do stuff nobody wants is going to improve the material well being of the country.
There was no demand for Kindles and other electronic goodies before they were invented. The first stage was large investment in R&D. This is what generates economic growth and jobs, not sending checks to union members.