That’s not unique to LHC, or CERN, or physics. It’s a general problem of academia, where PhDs and postdocs are paid a pittance compared to what they could otherwise earn in the industry. This problem is especially bad in high energy physics of course, since jobs are especially limited, and it’s the brightest people competing against each other, who could easily land jobs on Wall Street or Silicon Valley.
> Then there is literally decades of over promising on ground breaking discoveries right around the corner (super symmetry, extra dimensions, dark matter).
Standard Model works exceedingly well at LHC. No one was actually sure about BSM (beyond Standard Model) so there was no “promise” really. Or the promise is: we may see something interesting, or we may disprove some otherwise interesting theories.
> Defunding the super collider in the 90s in the US was probably one of the best science policy decisions they made.
Cancelling SSC was such a stupid waste of labor and money, it’s painful to see someone touting it as a triumph. Two words: defense budget. Enough said.
Disclosure: I worked for CMS for a while. (Not physically at CERN; was doing data analysis for CMS in the U.S.)