Looking back at the UMN episode

Great summary, unfortunately not specific to the US.

In big corporations the incentives are wrong too: to get promoted you need to produce something that looks "ground-breaking" too whether it actually is or not. Hard and patient work that merely pleases the customers is too difficult to measure and it does not get you very far either HOWEVER it still pays your bills in most places (just avoid the next Theranos).

1% inspiration and 99% perspiration gets you absolutely nowhere in academia, I mean at least not in computer science, I think other fields tend to be better. If you're young and reading this then don't go there ever, that system is broken by design. If you really want to try something outlandish then find some startup instead.