It does if you specialize in something that barely moves (AS/400, COBOL, others), but the experience of that career is almost the exact opposite of why many people get in to programming (lots of paperwork, consensus-based decisions, lots of waiting around trying to look busy, little new growth or exploration).

However, there is some light at the end of the “everything changes” tunnel: as you learn different frameworks and languages you’re gaining new perspectives on the deeper concepts, and for the most part those deeper concepts don’t change. In OOP the “gang of four” is practically as relevant now as it was then, for example.