> is there any value anymore in promotions when the market seems to reward job hopping every few years?
Depends entirely on the company. Big tech companies are very good at promotions and retention.
The rewards of job hopping also saturate quicker than people expect. Push it too far and it starts to become a negative. When an employer sees a resume that has a new job every 10-12 months for the past 6 years, they're going to assume the employee will be temporary at their own company, as well.
