Engineering is not a low paying profession. It is only low paying if you are not good at your job and never advance in your career. There are quite a few people i see who go into engineering with no passion and hence pay little attention to details (which is the key to a good engineer). They fail to garner respect from their peers and hence don't make any career progression, and get stuck in their decent paying (but not mind blowing) job.
Really what most of these articles are about is that there is a decline in manufacturing in the US. What i have noticed specifically to the sector that i work in (High Voltage DC Power). Most power authorities request a certain percentage of the project be manufactured in country (e.g. we manufacture thyristors, and transformers in Brazil for the local market) So jobs are not being lost so much as redistributed across the globe.
I get it regularly at my work, some old bloke will complain as if these markets are stealing "our" jobs. What he is failing to see is that this is just the next development. Its not a race to the bottom, its a race to equalise, and people have only realised in the last 15 years that the US won't be top dog forever and has to accept that it has equals.