The article's author is absolutely right, and I agree.
But the long term damage this is already doing & has done to the industry is maddening. People — rightfully so — don't stick around long enough. Before you can take a new engineer from "new hire" to "has learned our systems and has a good understanding" to "is productive and can make changes on their own in the system" to — and this is about the point where most people have found greener pastures — "understands the theory of the system and is actively poking holes in it, and is coming up with far better ideas on their own", but they're already gone, and those super long-term insights are gone with them.
So many times — easily multiple times per week if not per day — I am having to answer "ah, that system. Alice would know the answers, be able to guide you, is the resource you need … alas, she left/was laid off." We'll get the job done without her, but it'll take us 5×? 10×? as long.
The C-Suite are out of their minds.