We need manufacturing at home, and vastly more R&D in industrial labs, since university R&D is virtually useless for the foreseeable future. (dotearth.blogs.nytimes.com)
A downside is that while academics get to publish their research openly, industrial labs often keep their work secret. (sciencemag.org)
So the field was growing throughout the 1980s and 1990s, but we were only producing fewer than 1000 Ph.D. s, and half of those were going into industrial labs. (sciencemag.org)