You are right. It applies not only to management. In academia is even worst. Many professors are quitting their jobs to gain independence, do what they really want to do and, why not make more money than they are doing in colleges and universities.
I agree with you on the dehumanizing process that takes place in 9 to 5 job environments. That hurts more than the actual routine.
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No doubt, its the one thing that slowly tears at the soul.