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The future of back-end development
(lemm.ee)
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This is the real answer.
There are still, in the year 2023, Cobal developers graduating and getting hired to work on software.
My alma mater’s website runs on PHP.
The investment to flip even a microservice from one language to another is REALLY high, and most companies won’t pay unless there’s a significant pain point. They might not greenfield new projects with it anymore - but it will still be around effectively forever.