That's pretty much the idea. If scientists contribute more to the overall economy than news reporters, then if you produce more scientists, the overall economy will be higher.
I don't think you can treat the economy or workforce like an individual farm where you try to maximize profit by only producing the single most profitable crop. We need a diverse workforce in order to have a strong economy just like we need a diverse landscape to produce the variety of crops we need, regardless of which one is most "valuable". As an added bonus, a diverse workforce is more resilient when there is a downturn in an individual sector.
"What man has done, man can aspire to do." -- Jerry Pournelle, about space flight