Funny how they never talk about doing this with medical doctors, or expanding the number of medical schools. I guess their wages aren't considered too high, despite the insane costs of medical treatment in the US. Engineers need a stronger lobby, see the AMA for an example apparently.
Counterpoint: the ridiculous cost of medical care in the US is (in part) BECAUSE of the AMA and it is bad for the vast majority of Americans who are not Doctors. We should be looking to make medicine more like SWE, not the other way around.