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I get the sense that many/most groups are pretty meaningfully constrained by funding. e.g., they wouldn't be able to take on more grad students/postdocs because of funding concerns. Maybe the difference is that you don't (yet) pay your own students?
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I think there is a meaningful difference in how effective money is at translating into productivity though (in academia vs industry). For example, even unconstrained by budget, I don't think "hiring tons of grad students" will necessarily make progress on problems I care about.
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Replying to
Possibly, although I think they're pretty similar in that money mostly doesn't translate into increased productivity in industry either (at least in the "hire more grad students" sense).
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