<p>
Yes, but:
(1) The reverse is also true, in that the relatively high pay of engineering also draws talented people from other fields.
(2) A relatively small number of talented engineers are capable of achieving the great wealth that finance, law, management, etc. offer, and too often the pursuit of that wealth draws those who lack that broad talent and interest needed to make a worthwhile career in those fields.
(3) Actively encouraging this (as sakky does) only makes it worse.</p>
<p>
I think that will increase demand for engineers, but will not necessarily improve salaries, management positions, or “status” as sakky seems to want.</p>