I strongly disagree. In my organisation engineers have higher salaries than "people persons" like managers, product owners etc. Maybe it is something Eastern Europe (Romania) does better. In my country, people become managers when they don't know what to do in life, when they have not mastered any skill in 12 years of mandatory education + higher education. People who can't code at the end of the CS curriculum have three choices basically: HR, PMO or do a Master in a totally unrelated field to increase your employability. Do you really see yourself the "acting" leader, answering to phone calls all day like a secretary and asking people about the status of their tickets? I hope not. A "people person" is easily replaceable, a good engineer is not. When the financial crisis comes and the line is drawn, engineering skills remain. That is not to say that soft skills do not matter, quite the opposite, just don't make it a day job, you will become vulnerable.