ritvikmath and the Peter principle
Another interesting video by ritvikmath explains why workplace incompetence is so prevalent. In the 1960s dr. Laurence J. Peter had observed that "in a hierarchy, every employee tends to rise to their level of incompetence." Originally, the observation was intended as a satire, but since then it has become an object for scientific debate.
To me explanation sound overly simplistic, but do think that the principle still holds. I have met people who have worked hard for promotion (diploma, certification, etc.), just to "relax" right after obtaining it.
From scientific point of view debate surrounding this principle reminds be the discussions about the hot hand phenomenon. Although, the Peter principle seems to be more related to the game theory rather than statistics.