As a PM, can I just say that your PM is fucking useless!
Your PM is meant to be commercially minded, meaning they should understand the concept of compound interest.
Every new feature you build, on average, increases the value of your product linearly.
Every major piece of tech debt incurs reduced efficiency that compounds. It is extremely common in older systems for the incremental value of resolving tech-debt to be HIGHER than the incremental value of shipping "another feature".
Your PM is meant to be commercially minded, meaning they should understand the concept of compound interest.
Every new feature you build, on average, increases the value of your product linearly.
Every major piece of tech debt incurs reduced efficiency that compounds. It is extremely common in older systems for the incremental value of resolving tech-debt to be HIGHER than the incremental value of shipping "another feature".