Many of these answers I agree with. But the one I’ve heard in the past from upper management is that it’s easier to replace a mediocre manager then an excellent technician/worker. Meaning for example if you are a bulldozer operator and know your machine and it’s operation in and out you are worth more to the company there then in a management position where you may not excel. Then the person they replace to operate that bulldozer is barely competent the company has taken a loss. So they would rather keep the good operator and hire a mediocre manager from outside.
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