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Every so often I do some research to see if the lack of talent is going to be reflected in salaries but COBOL jobs always seem to pay less than web development



It's not just web development, it pays less than almost any development.

I would actually not mind learning COBOL and writing boring bank software, but why bother if I can make more money with C++ and Python, while working on more interesting stuff?

If I'm going to take a pay cut to use an exotic language, I'm going to find a job writing Lisp.


That was my experience too with the whole mainframe ecosystem. There are a few hotshot consultants that work for Sirius/mainline/etc that make the bucks, but the guys working for the banks/airlines/etc mostly seem to be underpaid relative to the shrinking knowledge base/talent pool and how critical their jobs are.

Makes you wonder what would happen if the entire mainframe tech organization at one of these banks demanded to be paid on par with the traders working on the investment side of the bank.


> Makes you wonder what would happen if the entire mainframe tech organization at one of these banks demanded to be paid on par with the traders working on the investment side of the bank.

It's for organizations like this where I really see unions making sense.




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