US banks rely on a 65-year-old programming language; companies are paying a premium for developers who kno
- Posted on June 2, 2026
- By Business News Today
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- 1 min read
US banks rely on a 65-year-old programming language; companies are paying a premium for developers who kno
A 1959 programming language, COBOL, is powering global finance and government systems. As experienced programmers retire, companies face a talent crisis. This has created a lucrative opportunity for new developers learning this older skill. Banks and agencies are paying top salaries to maintain these vital systems. AI is also being explored to help manage COBOL code.
