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The irony is that if they taught COBOL today, those grads could likely get a good job working on legacy code.

I took a COBOL course during undergrad in 1998. Glad I was exposed to it, but I never did anything with it.

Yeah, for sure there are some edge cases, and COBOL is a big one, since there's a LOT of banking/finance stuff built on it.

FWIW, my employer just deprecated our legacy COBOL (1-2 modules out of many), replaced with Java. It took years to make that transition.