I disagree with this view.
I'd probably reword it as "Programmers as a group are generally not as motivated by money as other employees may be".
Saying they dont work for the money is misleading I think, and runs the risk of bosses thinking they can cut programmers' salaray because, hey, programmers dont work for money and don't care about paying bills or feeding & clothing their family or anything.
I think the underlying truth here might be that programmers who are enjoying their work are probably also good at their work and are well paid for it. In which case, it may be that many are not motivated by more money because they have enough already that it stops becoming a priority or an every-day thought/concern. This thought is echoed by the StackOverflow survey linked in the article - there is a strong correlation between high salary and high job satisfaction: http://stackoverflow.com/research/developer-survey-2016#mone...