Comment Fixed Point Math (Score 1) 81
COBOL isn't a legacy language. It's domain specific language that is designed for exactly what banks need: high precision math without floating point errors.
Any Comp Sci student should be able to take what they learned and apply that to COBOL.
What actually sets COBOL devs apart is their attention to detail and ability to do math.
Even if backend banking code was written in TypeScript, they would still have to hire the best of the best to work on it. You can't have errors at that level.