It’s not black and white.

There are companies where you can spend years doing as you describe. More and more, though, you’re competing with people who care even though they don’t own, put in the same effort YoY, and invest in their job. Companies love these employees.

So I guess it really depends on your values and what you want out of life. If you enjoy hobbies and time outside of work, sure find a job where you can coast. Don’t get frustrated when you get laid off just find another place to work. Etc.

Plenty of people want to grow within the industry and build a career, though. And many have what we call basic self-respect and care about how they are perceived.