What are the pros and cons of management job?

[Anonymous]

Just generally, what do you think the pros and cons of a management job?
And if you have the opportunity, would you try to become a
Manager and/or climb up the ladder along the management path?

For me, the pros are higher visibility, better pay, bigger
responsibility. The cons are bigger and more conflicts with
People ( both those above you, under you and your peers).
Yet a big concern is the capability to handle mid career crises.
I have heard many people say that if you ever have to be laid
Off at the later stage of your career (say when you are in your
50's), it's very hard for someone with the middle management
Title to land a new job, as your technical skill will not be that
Good, and no one just want someone the don't know to be their
Leader. For someone who's always been on the first line and
Keep updating on technical skills, things would be relatively
Better. Is that true?

[Anonymous]

Looks like a poem