It's possible, certainly. I started my path to this career back in 1998, and dropped out of college because I was not prepared... it kinda worked out well because the tech bubble popped and I would've had a bad time around the time I would've graduated.
When I went back to school sometime later, the job market had recovered a good bit.
The whole time I had followed the countless predictions of the end of the software bubble, and not a one of them has come true.
I'm not going to say that devs can expect infinite growth and FAANG level pay across the entire category of dev jobs. But I think in general it will still be a viable path to a reasonably comfortable, middle to upper middle class lifestyle for many years to come like most other professional careers, and there will always be a strong market on the high end as well for FAANG or those with niche, in demand skillsets.
When I went back to school sometime later, the job market had recovered a good bit.
The whole time I had followed the countless predictions of the end of the software bubble, and not a one of them has come true.
I'm not going to say that devs can expect infinite growth and FAANG level pay across the entire category of dev jobs. But I think in general it will still be a viable path to a reasonably comfortable, middle to upper middle class lifestyle for many years to come like most other professional careers, and there will always be a strong market on the high end as well for FAANG or those with niche, in demand skillsets.