Just more anecdata, but this isn't true for my company. We're hiring for Rust because we're seeing more and more clients take memory safety seriously (and ask specifically about it as a design consideration).
These things have a way of balancing themselves out: developers like Rust, so there will probably be an eventual "glut" of Rust programmers like there was for C++ programmers in the 1990s. But it's a multiparadigm language, so I don't expect there to be consistent wage deflation based on that (and especially not in systems, where finding competent engineers is a perennial problem).