> It may be hard to swallow but the extra effort and hours that you put into your job as a software developer does not usually amount to someone higher up thinking you should run the company. It has been my experience that good producers are more likely to be asked to continue to produce. If they moved you to a higher position and better pay then who would produce the software?

This is why it's important to have a way to move "up" (greater reward, prestige and technical authority) that doesn't involve becoming management.