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I'm certainly blurring the lines a bit, but I would argue that in most cases there isn't a need for both. The tech lead can be the "manager".

"Managing people" isn't a full time job in most cases. It all depends on how the organization is structured and how many non-technical tasks are being assigned to the "manager". Sometimes a manager is responsible for product, marketing, or HR tasks and all that will be dependent on the company in question.

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A managers job isn’t necessarily to manage people but outcomes. People are essential for that, of course, but there’s often a lot of other moving parts to it that warrant a full time manager. The problem is often that building a good management structure is not only extremely difficult but also exceedingly rare, meaning many of us have either worked with bad managers or with managers that were poorly equipped to do their jobs effectively.

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