I worked at a finance company that still has a lot of cobol devs (cobol, jcl, db2) and they usually made less than the web / cloud devs given same seniority. Th

I worked at a finance company that still has a lot of cobol devs (cobol, jcl, db2) and they usually made less than the web / cloud devs given same seniority. There were plenty of contractors ready to step in and fill slots. I think this meme has a lot of caveats. There are some banks running very very specific old versions of mainframes and databases and thus need expertise, so they are paying high emergency consultant fees for the few with that expertise. The average developer is better off learning aws and python.