Especially since they are optimizing for value-add work versus paying down tech debt, which the author acknowledges is what got the engineering org into a paying down tech hole that they are currently mired in before the author's tenure. For this reason, accumulated tech debt should be modeled in their bar charts too.
This is far preferable to letting tech debt grow and fester for several years. In a way, I find this possibility almost a regression by the author and possibly irresponsible. I.e. they didn't patch the underlying core issue (rest of org not understanding or assessing tech debt as a liability), and instead push a quantitative measure that actively encourages taking on unmeasured tech debt.