I was a manager/tech lead from 2015-2019, then went back to programming because it was such a pain dealing with underfunded teams.
Programming actually seems to pay better in third world countries, though, as there's a shortage for specific skill sets, as opposed to developers with 20 years experience who can put together a full stack PHP site or build telco systems, but haven't done Angular.
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I was a manager/tech lead from 2015-2019, then went back to programming because it was such a pain dealing with underfunded teams.
Programming actually seems to pay better in third world countries, though, as there's a shortage for specific skill sets, as opposed to developers with 20 years experience who can put together a full stack PHP site or build telco systems, but haven't done Angular.