What are the chances I would move into another position at your company?
My guess is 0%.
You might keep me employed, and not fire me. Maybe pay me a little more. But there would be no realistic hope to jump up to the next level.
That's been the case for a long, long time.
But now something new is happening. Now professionals at many companies are realizing that they are in the same position. They see that hard work will not lead them to jump to the next level.