I agree. But it’s not about that they have inflated value but it comes down to how “modern” software producing organizations work. Product managers and C-level people do not know what they are doing either. Most people are part of the “software engineering” theater, recruiters are recruiting, manager are managing, software developers are developing software, all of them just to get paid or gain status in the org. Most of the values come from that handful people who can really deliver.