> I got the impression that there is much less of this in lower level languages.
Not only the lower level languages, but fundamental skills in general, I think. Undertanding the computer from the hardware level, OS level as well network protocols, filesystems etc tend to continue to provide benefits even if one fashionable technology is replaced by another.
Similarly, fully undertanding algorithms, data structures, design patterns and architectural patterns also generalize, provided you DO understand these concepts with their strengths, weaknesses, and when to use them and not use them.
If you have the skills above (+ some math and general troubleshooting ability), you are able to approach most software/compute problems from first principles. If so, you may find that you are able to take up senior roles even involving technology you have not used before, as long as the tech introduces few new fundamental ideas. (And if there are new fundamental ideas, you need to learn those to keep up, but such ideas arrive much more rarely than new tech).
People who do not learn these things from first principles, but instead are memorizing patterns they learn from other people, have to do a lot of new memorization when new tech becomes fashionable.
Not only does that take a lot of effort, it also makes it unlikely that they will be able to identify antipatterns by themselves, and it may cause them to end up trying to use the new and fashionable tech in ways it is not suitable for.