NY pays everybody who does any sort of IT or software dev work a starting salary of $56K at the moment. I expect NJ would be similar. You think that is too much

NY pays everybody who does any sort of IT or software dev work a starting salary of $56K at the moment. I expect NJ would be similar. You think that is too much for current employees and not enough for prospective COBOL programmers? Explain further if you please.