datadataeverywhere comments on Optimal Employment - Less Wrong
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I agree that this scenario is pretty unlikely; it seems at least possible if there was a high-level policy change that hadn't caught up to military funding and structure, but made active troop deployment very unlikely. Your second to last paragraph disagrees with this; does the US military really shrink that much when we have fewer wars going on?
China seems much more the model of a country with a large military that rarely is deployed, and they do seem to match your description; lots of manual labor, disaster relief, building infrastructure, etc., with less competitive pay. I agree that this is the natural balance for a country that's not engaging in wars on a regular basis.
This might not have been true, and probably won't be true even once we get back to peace time, but if it was, it seems like a pretty good reason to join, and follows the OPs intention. Still not my recommendation!