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COBOL is really quite straightforward and readable. I don't think a developer who's already familiar with a modern language or two would have a hard time picking it up. The system it's operating is domain-specific knowledge anyway, and would be something a newcomer would have to learn (or be familiar with) regardless of language.

>I don't think a developer who's already familiar with a modern language or two would have a hard time picking it up.

You're probably correct, but it's more about if they would want to pick up a language that has no future, except maintenance of already existing systems. (see: Perl).

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