The bottom line the US is that respect is ultimately measured in dollars. I won't argue there isn't some toxicity to that, but a company that doesn't reward the vastly increased value of its developer employees as they move from entry level to journeymen to experts will suffer greatly from it, often fatally.

If employers can't afford market salaries, they should think very hard about the issue and see if they can't address it in other way, or accept that they're going to deserve and get no loyalty from most of their employees.