Bell Labs was part of AT&T which had in effect a government approved monopoly -- nearly all of the US telephone system, so was awash in earnings for transistors, lasers, information theory, the Fast Fourier Transform, etc. Xerox PARC was part of Xerox that was also "awash in earnings" from photocopying machines and for more whatever else, e.g., more in personal computing.
So, for a high school student, the lesson there was not just to do great science but to join or start a business that is or soon can be "awash in money" and then do whatever you want, e.g., Jim and Marilyn Simons, including "great science".
In more detail, now in practice, one of the main motivations of a company "awash in money" is to pursue research for luster, e.g., AI, quantum computing.
So, for a high school student, the lesson there was not just to do great science but to join or start a business that is or soon can be "awash in money" and then do whatever you want, e.g., Jim and Marilyn Simons, including "great science".
In more detail, now in practice, one of the main motivations of a company "awash in money" is to pursue research for luster, e.g., AI, quantum computing.
Ah, Lesson 101 in US life and money!