There's still a market, but when I looked into COBOL work out of curiosity (I've never been anywhere near it in real life), the salaries I found were surprisingly low, compared with common modern languages.

Perhaps the old adage "it's getting hard to find X employees [at the price we are willing to pay]" applies.

That surprised me because I've seen articles and heard podcasts for years where they've said COBOL programmers are well paid due to scarcity, though never quoting amounts.

I wonder if COBOL projects these days, being brownfield by nature, are less political and stressful than brownfield web development projects.