I see this scenario described in medical research all the time with people saying that industry just leeches off of academic research and what people leave out conveniently is the vast amounts of money and research that goes into translating research into a real drug (billions spent on clinical trials to meet regulation, millions to billions spent on scaling manufacturing and synthesis of the drug to industrial volumes, drug delivery like pill design or injection methods)
Additionally many industries also do have well-paid research positions that "move the needle" on science and basic research. While they're more targeted at producing and supporting products instead of full liberty to exploring just for the sake of knowledge, it's not like there is a complete black and white poorly compensated academic research vs industry.