I don’t see how the world will get by without experienced programmers staying in IC roles well into their retirement years. This is for two reasons.
First, the demand for software is going up significantly, and new programmers do not come with the advantage of experience, aka knowing what not to do. These newly minted programmers need mentors. They need examples. Businesses need adult supervision for these tasks which many managers do not understand.
Second, the demand for senior technical leadership is going to make it more financially rewarding to stay in a truly senior IC role. Going into management, product, etc. will not be as appealing an avenue to take your career to the next level.
First, the demand for software is going up significantly, and new programmers do not come with the advantage of experience, aka knowing what not to do. These newly minted programmers need mentors. They need examples. Businesses need adult supervision for these tasks which many managers do not understand.
Second, the demand for senior technical leadership is going to make it more financially rewarding to stay in a truly senior IC role. Going into management, product, etc. will not be as appealing an avenue to take your career to the next level.