I've worked in the bowels of both banking (business, retail, securities, wealth) and healthcare (PBM) for the last 10ish years. This is less endemic on the sec

I've worked in the bowels of both banking (business, retail, securities, wealth) and healthcare (PBM) for the last 10ish years. This is less endemic on the securities and wealth side. Business and retail banking back-end transactions and processing have extremely large COBOL/mainframe dependencies. The systems have been built over decades. Some of these banks have tried to transition to newer tech and progress is very slow + bumpy. I'm not a cobol dev but from what I understand it is spaghetti'd to hell and back. There is def a labor shortage but more of the younger gen is being exposed to this tech via the transition/transformation projects. But def. a dying breed from what I've experienced. note: except for the healthcare side, all this experience is OUTSIDE the US