It's a structural problem. If everyone expects 20 years of experience people to be principal engineers, and only 5% of roles are principal jobs, then after 20 years 95% of engineers need to leave the industry.
And so, the industry is mostly populated by inexperienced people and many of its pathologies and adverse outcomes are due to this.
And so, the industry is mostly populated by inexperienced people and many of its pathologies and adverse outcomes are due to this.