Comment by ragall

I've seen that plenty of times. I suspect that you haven't seen it because you live in a place with high cost of living, which induces a high turnover in personnel, or perhaps you've been working in very dynamic markets such as SaaS.

When I was starting my career in Europe as freelance sysadmin, I worked several times for small companies that were definitely not at the forefront of technology, were specialised in some small niche and pretty small (10-15 engineers), but all its engineers had been there for 10-20 years. They pretty well paid compared to the rest of the country, and within their niche (in one case microcontroller programming for industrial robots) they were world experts. They had no intention of moving to another city or another company, nor getting a promotion or learning a new trade. They were simply extremely good at what they were doing (which in the grand scheme of things was probably pretty obsolete technology), and whenever a new project came they could figure out the requirements and implement the product without much external input. The first time I met a "project manager" was when I started working for a US company.