Sadly, I suspect that these (analogue) design skills are being lost. So if we suddenly need them again (and to an extent we do, as they are still needed), it is not so good to lose them.
I think they are. A while back when I found myself looking for work and toying with going more toward hardware rather than the software work I'd been doing I interviewed at a place that makes automated testing systems. They said they normally hire fresh EE grads but had been disappointed in the lack of analog skills in people coming out of the universities. As a college dropout almost entirely self taught hobbyist engineer I wasn't expecting much and I actually preemptively turned down the position because the commute would have absolutely killed me and I knew going in that it would have meant a pay cut but they told me later I was easily the most qualified person they talked to.
Ultimately I decided to stay in software which tends to pay a lot better, and keep EE as a hobby. It's something I enjoy doing enough that I don't want to turn it into work. Anyway the point of all this is that if my analog abilities which while passable are not expert level are that much better than recent EE grads then analog is in trouble.
My opinion, understanding and beliefs/experiences are that QUANTITY wise, we may well have enough analogue engineers.
But the thing is, quality/ability/experience levels do vary. So, although we hopefully have the quantity, we don't necessarily have many/enough of the really high calibre analogue design engineers.
This might matter. Perhaps because we need them, to hopefully compete well in the west, against the upcoming likes of China (and other countries).
There could even be wars again, one day. Electronics will then be an extremely important part of such wars. Even during World War 2, electronics was extremely vital (Enigma decoding computers in the UK, Anti-aircraft proximity fuzes, anti-ship fuzes, artillery proximity fuzes, RADAR, Radios/Transmitters etc etc).
Even our respective countries economic success or not, could be affected, by the electronics industries and stuff.
So I think it is very important.
But also, Digital Electronics (few know how to do complex FPGA (VHDL, Verilog) designs), software engineers, etc etc.