Yes but imo this change happened no later than late 90s. I distinctly remember how suddenly it became cool to be a programmer and the 'new type' was already making changes by early '00s. And yes, the $s attracted smart people who did not embody the old hacker ethos.
These are the new bloods that gifted us with surveillance tech, btw.
For example EE used to be prestige and CS was the backup. And that would never compare to finance or law.