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> Ambitious, hard working people like promotions

Ambitious maybe (though that's nearly the definition of ambitious). Hardworking, not necessarily. I know a cement guy that you have never in your life worked a harder day than who has never received a promotion nor even sought one.

Ambition and hard work are hardly the same thing. Many people work hard at their job, are paid a good wage, and are satisfied with their job, rather than constantly seeking a promotion. Constant promotion seeking isn’t admirable, it’s just greed.

Am I the only one who thinks this sounds a lot like how pyramid schemes work?

So is there anything to be done about it? How to avoid companies being compelled to seek growth always, to the detriment of their internal functioning/culture?

As far as I can tell, don’t go public or be a regulated utility.