More importantly, it's one thing to say "I prefer this new tech/resolution/gadget" and another to claim "how can you work like this?" (Where "this" can be "without a mac", "without a mechanical keyboard", "without a 4K monitor", "without three 4K monitors", etc).
Software is developed successfully without any of those. It's not only not an impediment, it's not like a sort of martyrdom either. So no, it's not time to upgrade that monitor.
Someone else in this thread commented that for many devs, their gadgets are a proxy for actual skill. It's easier to show you have a 5K monitor "like all hackers should" than to actually be a good developer.