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I do absolutely agree with you, the mistake we are making is the value we place on management jobs: as of today society thinks of managers as above the production workers but, in reality, it should be the other way around.
A good management can increase the profitability of a workforce but will never be able to do the same job the workforce does.
On the contrary workers can and have proven to be able to do the management work if tasked with this request and can even do better. This scares the managers who are doing whatever they can to hide this truth from their employees.
We just need to understand the power we do have in our hands to finally win this uphill battle against interest groups, and COVID has greatly helped us in this sense. Even in your case you could arrange a strike with your colleagues to force your manager to understand how shit he is at his job and force him to resign by going to his direct superior should he not be able to change his ways. Should he be the owner of the company: leave. It's better to be between jobs that to be chained to a desk which makes you unhappy everyday of your life IMHO.