The quite sensible reason is that LTSC doesn't contain the windows store, and as a result a bunch of driver apps don't work because they moved to using UWP apps (eg. realtek audio console). Not to mention that you'll eventually get weird compatibility issues because you'll eventually be running a windows version 5-10 years old, whereas most devs assume you're using be using the normal versions which are at most 2 years out of date. All of these issues can be worked around if you're sufficiently technically inclined, but people who are hiring "Microsoft consultants" probably aren't.
I recommend LTSC for terminal services environments like Azure Virtual Desktop, where driver issues just aren’t a problem.
Windows LTSC has semi annual updates, the same as Windows Server. Speaking of which, that’s essentially what it is: a cut-down version of the Server Desktop Experience with pretty much the same defaults and capabilities.
Microsoft could implement App Store support for LTSC (and Served), they simply choose not to. It’s telling that this isn’t a problem in practice.
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