I feel like "useful" and "valued" are very poor terms for the situations described in the article. I think a much better explanation is that just because you may excel in one role (and be recognized as such) does not necessarily mean you'll excel in another role. And heck, I think it's important to recognize these qualities and limitations in yourself . Calling this being "useful" or "valued" puts an emotional/moral…
Sometimes you're an investment, sometimes you're insurance, and other times you're a luxury or even an impulse buy. I think this is a better framing because it explains some behaviours that are otherwise baffling: if I'm hurting for cash, I'm going to stop adding to my savings before I cancel all my insurance, even if the expected rate of return is higher.
For example, when I look through the pattern of folks in my LinkedIn network who have been hit hard by layoffs, it's clear to me that a lot of roles were "luxuries" or "impulse buys" during the ZIRP era, and so many of those roles have vanished over the past 2 years or so.