I would argue the opposite: the trajectory of being a programmer
has been really good for the past 10 years or so, but we've pretty clearly reached Peak IPO and a correction is on the way. And if/when it does hit, the person with the skillset "can increase revenue or reduce costs" will be in much better shape than "can program mumbo-jumbo".
I’m pretty sure the entire startup “industry”, companies like Stripe and Airbnb which are well past finding product market fit and the risk of death included has less employees than Microsoft. AppAmaFaceGooSoft probably hire more people every year than every YC company put together ever employed, at their peaks for those that went to startup Valhalla.
