I wonder if it's less COBOL itself and more the entire architectural and design-decision stack associated with traditional COBOL software. I'd expect you might see similar concepts with Ada, except those come with security-clearance requirements too.
For example, the entire "mountains of dependencies" mindset feels relatively new. There was a time before .node_modules, Composer and Ruby Gems.
If your codebase is legitimately decades old, your dependencies are either "something we built 100%" or "something we bought/fully licensed and retain 100% control over our copy" Even if you aren't worried about a left-pad incident breaking the entire payroll system, you probably have compliance/audit mandates that are much more easily satisified by saying "here is the master disc that is untouched since the Carter administration".
I'd also expect that the mainframe/batch-processing mindsets have wildly different philosophies on reliability and performance than most consumer services. You can't get away with returning a cutesy animated gorilla and telling people to retry a $7 million B2B payment, or developing elaborate GraphQL-ready chainable APIs when your connected device is a 20-year-old fixed-function terminal with a few dozen kilobytes of working memory.
Now, I'm sure you can build to those same constraints in Python or Node or C# if you want to, but the ecosystem is not really built to support you. There's a lot more move-fast-and-break-stuff.
I've always been conceptually interested in COBOL-- I have that "born too late" mentality; I missed when "you work in the same room as THE COMPUTER" was impressive and you had to wear a labcoat. For me, the problem is how you get started in the sense of "what's the toy problems to even start grasping syntax and build flow." What's the COBOL answer to the "demo to-do list" for web technologies or the "half broken Blackjack game that doesn't actually pay correct odds" everyone wrote in interpreted BASIC in the 1980s? Are there even readily usable toy problems that play well to its strengths?