The responses to this thread were all really interesting:
While there are no consensus responses, there are a lot of "heck no!" responses in terms of being "promoted" out of coding.
This reminds me of a book I recently read called "Creative Selection", which is an autobiographical tale of an Apple software developer, and the only book like this I've read written by someone who stayed in software development longterm.
The book is pretty interesting due to how close it gets you to the story of the iPhone and other Apple creations—Ken Kocienda, the author, specifically worked on the keyboard. But to this point, part of his journey was a "promotion" into management, quickly followed by a choice to go back into pure software development, where he more-or-less stayed for the rest of his career.
It's a good read overall.
I consumed it as an audiobook, which worked well for the material.