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Even if there are 0 lines of code written in C from now on, existing codebase (huge) still has to be maintained. C wont be dead in our lifetime.

Rewriting everything is also not an option. Imagine rebuilding your house with modern materials, because old ones may have some shortcomings. Who will pay for that?

Even if C++ is used less than before it won't die off and C++ experts can demand more money especially because there are fewer of them as most programmers move to more modern languages.

COBOL

Yep, the same case. Only I read that those old COBOL programs are a huge mess of spaghetti code, so you are well paid, but you have to put up with ugly, hard to maintain code.

I'd rather work on something nicer for less money.

Depending on which domains you are it is still unavoidable.

For example, I hardly do any C++ nowadays, it is however what I get to use to integrate with OS native libraries and GPGPU shaders.