[stonogo]

There are plenty of COBOL devs; they're just not in the American labor market.

[dr_kiszonka]

Would bumping starting salaries for Cobol devs to 150k, resolve it in the US? (I am assuming banks could afford it.)

[stonogo]

No, since that's not too much higher than starting salaries for Python programming at a medium-sized research institute, and there's no clear career progression for COBOL programmers.