Do you think that we will loose plenty of potentially good devs because smart people think its too risky to go into CS right now?

It seems like majority of smart people who formerly would go into CS and become software engineers are switching to other fields because CS became too risky choice with all this oversaturation.

These people are switching to nursing mechanical electrical engineering and accounting. With such brain drain from CS to these fields it seems like plenty of people who would become good software developers wont even get into that field.

Of course we cant blame them only really dumb people are choosing to major in CS right now with how oversaturates this is. But do you think that this braind drain will cause lack of innovation and worse code overall?