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Not just a path to advance, but a path that feels fair and is faster than changing jobs. A lot of places that do pay well still make it easier to go up a level as an external hire than they do for an internal promotion. In other words, it's easier to get "promoted" by switching jobs.
Which is pretty weird. Companies would rather make the decision based off a few hours of interviews for someone who knows nothing about their company, over years of data for someone who knows the company well. I think it's partly "grass is always greener" and also partly companies wanting to pay people less when they already employ them. They'll pay more for external hires cause they want to get em, but once they're there, there's less reason to pay more.
Or at the very least, lower level employees often don't get to give big ideas. A big way to get your ideas listened to is to get promoted in the first place. Small ideas only do so much. Sometimes there's big, systemic problems that need big ideas to fix.