" I would suggest that they learn COBOL and get paid $150K "
The high paying COBOL jobs almost exclusively hire ex-employees who know the system. I knew COBOL from school and even making a couple small changes when I first started working. The people hiring specifically for COBOL want people with 25+ years of experience, familiarity with the specific system, and familiarity with the JCL or other aspects of the system.
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" I would suggest that they learn COBOL and get paid $150K "
The high paying COBOL jobs almost exclusively hire ex-employees who know the system. I knew COBOL from school and even making a couple small changes when I first started working. The people hiring specifically for COBOL want people with 25+ years of experience, familiarity with the specific system, and familiarity with the JCL or other aspects of the system.