Research in academia and industry both has its advantages and disadvantages. I have only been exposed to the academia portion of research as a student at NJIT. However, as mentioned in the lecture, there is little pay. However, there is a lot more freedom when deciding what research project should be done. It can lead to great results, such as a published paper, and if lucky even a Noble Peace Prize. In industry, you have to follow a set of rules from the company and can be given only a set amount of money to use in order to get the results of the project. There is also a lot more pay in a industry job, reaching up to 60,000 dollars, which is a huge jump from a job in academia. In the long run, I do believe researching in industry has a better pay-off (quite literally). It provides you with the satisfaction of security and provides you the necessary resources to work towards a company goal. Although academia is something a lot of people continue to work with, I personally could not live off of the low salary.