I think this is the general theme among most devs who've been in the industry long enough
I feel you. In fact, you're reminding me of what's in store for me tomorrow
Maybe it's just SA... I imagine overseas that the powers that be prefer one focuses solely on their core. Others lucky enough to be in the know: feel free to confirm or deny this conjecture.
My experience (about 25 years now, 20 overseas), has shown me that this is managed a whole lot better overseas. There is appreciation that career progression doesn't mean "moving to the business side " or "building a management empire". There is also an appreciation for the fact that for many people, career progression would be a negative (more responsibility would just make them miserable). Because the pay is substantially higher (in the US at least), this means that there's nothing wrong with a freeze in progression for a decade or two or three.
In SA, one feels (well, at least I felt this, but correct me if I'm wrong) that if one stops progressing in their career, they're not going to reach a point where they are "safe" financially speaking.
I have several colleagues at my last company who have been "Level 4" for 20 years. 20 years ago Level 4 meant $170k/year. Today it means, $350k/year. They have worked remotely since even then (so no SF Bay prices), and are all very comfortable, with a great WLB. They're good at what they do, like it, and keep doing it. It is intellectually stimulating, but they haven't met the "rubric" points, of inter-team collaboration, inter-team project leadership, etc., to take them to "Level 5", and likely never will.
For those who are ambitious, and do want career progression (and outsized pay), there are extensive technical tracks (to VP equivalent level), that don't necessarily involve becoming a non-hands-on "architect" type. You will notice that Microsoft for example has one ladder, and a person can be a manager or non-manager at any level, and switch back and forth too. Google, Meta, Amazon, etc. all have engineering and managerial ladders, where the engineers can progress extensively without ever hitting a "need to move into management" barrier.
So yeah, there may be some days that I do feel like I wish I ran a quite coffee shop or something, but then I remember that I can pretty much choose what I want to do, so if I'm annoyed with what I'm doing now, I can always wrap that up and then do something else instead.