You are describing bad management. You don't need skills to be a bad anything. There are plenty of bad programmers going around who don't actually have any useful skills either.

There is a particular set of skills involved in not getting fired even though you don't actually have any skills. However, this skillset will not save you if the company institutes blanket layoffs or goes out of business, nor if you ever need to look for a job with no skills. And if you're getting by without any tangible skills or output, chances are everyone else around you is doing the same. This makes the chance of the company going out of business and you needing to find another job quite a bit higher.

YMMV, but I've found it's a significantly less risky strategy to just go learn the skills, practice them, and refuse to work with people who are obviously faking.