Every decade since the 1980s, someone declared COBOL nearly dead. Universities dropped it from curricula. Training pipelines dried up. And the systems kept running, processing most of the world's credit card transactions on logic nobody was teaching anyone to read.
The average COBOL programmer is now 55. Roughly 10% retire each year. Ninety-one percent of organizations expect to hire mainframe talent within two years, and 62% say the skills gap is their biggest barrier.
What's leaving isn't a programming language. It's decades of undocumented business logic, carried in the heads of people everyone assumed would never be the last ones who understood it.