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Yet most organizations in existence pay the people “who hasn’t touched a computer in 30 years” quite a large amount of money to continue to solve problems, for some inscrutable reason… =)

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There is a track now for people to stay in engineering and get paid more then their manager

That "track" gets increasingly illusory the farther you walk it.

It isn’t, but it’s not possible to get paid like that if your work isn’t a necessary component in the work that earns the company a lucrative payday.

Managers being overpaid and overvalued is a well known phenomenon, yes.

It’s as old as the issue of narrowly-focused ICs having no appreciation for or interest in anything outside their narrow (but deep) expertise.

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