Ok, I admittedly expend serious effort at inverting my authority... which is hilariously undermined by the devs I manage, because they're trained to be obedient specialist cogs and it's like pulling teeth to get them to act independently outside a narrow range. So there's pressures towards authoritarianism. But I don't manage only devs (and I'm supporting non-devs to become devs), so it's not all bad.
If you have a chattel slave, you won't waste money investing in teaching them new skills.
If you have a wage slave, why would you invest in teaching someone a new skill? After they master the skill, you now have to pay them market rate for that skill (or they'll leave). So why not just pay market rate from the beginning rather than investing in training someone?
"If you have a chattel slave, investing in teaching them new skills is not a waste of money".
Limited availability? Need for combining a skill with other skills? There are good reasons.