Seriously? You think people will work for a company for 90k after having >10 years experience. Not trying to brag about it but I was getting paid more than that while I had only <3 years of experience several years back( with real credentials).

And about your second point... that's true company will assign different title to developer to motivate you as promotion. They give you title like Senior Analyst, Software Engineer III, Senior Programmer analyst, Lead developer etc. but end of the day all are developers. Few will go for architect or Dev team manager but everyone cannot be manager. For most of the company I have worked at, we had roughly 50% developer with 8 or more years of experience.
What do you think all the developer do after they have more than 10 years experience?