As a programmer/analyst/manager/architect of 34 years experience (goddamn it), that's not true unless you stay in a "grunt developer" role for your whole career.
The greatest acceleration of your salary occurs early in your career, but that applies to most careers. The sustained level of your income is dependent on how you progress.
Personally, I think the movement to project management is a Bad Idea for programmers, because we make lousy project managers and they get paid like crap, because PM-ing is considered a "generic" skill that is not IT specific.
Product Management and Architecture roles are paid better because they need the hind/foresight to actually lead the development of a product/service. That skill is pretty much only developed by experience.
So like any industry, your career development will lead to potential income changes. How that reflects your needs as an individual (eg family etc) is up to you.
The greatest acceleration of your salary occurs early in your career, but that applies to most careers. The sustained level of your income is dependent on how you progress.
Personally, I think the movement to project management is a Bad Idea for programmers, because we make lousy project managers and they get paid like crap, because PM-ing is considered a "generic" skill that is not IT specific.
Product Management and Architecture roles are paid better because they need the hind/foresight to actually lead the development of a product/service. That skill is pretty much only developed by experience.
So like any industry, your career development will lead to potential income changes. How that reflects your needs as an individual (eg family etc) is up to you.