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COBOL developers are scarce today due to several reasons. Firstly, COBOL is an older programming language, introduced in the 1950s, and its prominence declined as newer languages emerged. Consequently, educational institutions shifted focus to teaching modern languages, reducing the pool of new COBOL programmers.
Secondly, the tech industry favors newer languages like Python, Java, and JavaScript, which are more versatile and in-demand across various domains. As a result, fewer developers choose to specialize in COBOL due to its perception as a legacy language.
Moreover, many COBOL systems were built decades ago for specific industries like finance, government, and large enterprises. While these systems are critical, there's often limited demand for new development in COBOL, leading to a decreased incentive for developers to learn or specialize in it.
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