We already have somewhat of this situation in reality. Many people involved in research a very poorly paid. Is it really resulting in better/faster research, or just people moving from academia to industry, and a lot of benefits pocketed by side actors?
> If it does, it encourages the people who I don't want to be innovating in the first place.
I.e., people who do not have lots of resources and need to figure out how to survive? You only want to see innovation from rich people with nice safety nets?