This is not true I am a dev and have been doing development for 15 years till I was forced to change my career. Reason not one big IT shop or Consulting companies want to hire anyone with experience. They want to hire the cheapest H1b's to do coding. Since they accept such low salaries and everyone claims they are a coding expert. In reality it is bodies vs the rates. So if the clients are willing to pay 100 dollars per hour and it costs you 30 dollars per hour by hiring a H1b. You pocket the 70. Since these guys do such a bad job now you can milk the client for all the bug fixes etc for the crappy job. Since there is no easy proven way to evaluate quality other than the number of tickets closed it just does not matter. At no point am I referring to companies in silicon valley like Google, FB, AMZN etc. This is for the consulting industry in the rest of the country where this gets completely misused.

I have seen most of my fellow programmers change their career since having 15 years of experience is bad thing because we are not willing to work for 60K.