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What's the dumbest reason you've learned a programming language?
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Yeah I think that's mostly a myth. When I looked up salaries they were definitely good (for programming; amazing for the average person), but not "I would write COBOL for that" good.
There aren't really that many old COBOL systems around. I think it's mostly just over-reported because you can write an article about how some government department still uses COBOL but you can't write about one that switched to Java.