Then no, I don’t agree with this specific implementation of the system, at least the second half. I do think more productive/effective workers should be compensated more. But being a good engineer does not make you a good manager, and the issues associated with promoting an excelling worker into management (a job requiring a substantially different skill set) are so common there’s a name for their inevitable failure, The Peter Principle
All of my encounters with individuals who feel liberal arts are useless and STEM is the way seem to, at their core, feel that way because of earning potential, and I’ve never heard one of them bash Econ/finance/investment as a career path. But 🤷♂️