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"Coders" will probably continue to be monetarily valuable for quite some time.

The hard truth is, software devs/engineers/programmers/etc. have low social value/status despite their earning power.

It simply isn't respected in society. It's either perceived with contempt at, e.g. west coast privileged tech workers, or with disdain as a job for nerdy/feeble people everywhere else.

So the result is, a "software engineer" is desired at best as a provider of money and resources. It will never be sexy/desired --that role will be resolved for the gentleman maintaining your fancy pool while you're busy writing code.

This is the real reason a parent might steer their kid away from this path.

I've noticed being a good developer pigeon holes you into the "builder" role and people have a hard time seeing you as anything else. You'll always be the code monkey, not an entrepreneur, creator with a vision, etc.

Not necessarily a bad thing, but it sucks if you're trying to climb the ladder into a more important role (such as an executive role, etc).