I took a COBOL class in college and I actually applied for a summer internship at US Steel working on COBOL. Luckily, I didn't not get that job. Looking back, I'm so glad I didn't, my life would have been so different. The hardest part of learning COBOL for me was the spacing. Comments had to start with a '*' in column 7 and are the rest of the line. Labels had to start in column 8. Statements have to start in column 12 of later. It was not a fun language to program in.

If they were really desperate for COBOL programmers we would see job posts offering $200k for COBOL programmers.