You’re probably right. I think COBOL development is one of the cases where the crazier stories are the ones that bubble to the top. The regular scene is probably more mundane.

I do think there are a few advantages to learning COBOL over C++. COBOL seems to be much stickier - companies that use it seem much more hesitant to replace it than a lot of the companies that use C++, and as a result, they will probably get more desperate. And while there’s definitely a lot more C++ out there than COBOL, I have to imagine that the number of people under 50 that use COBOL is probably tiny, while C++ still has a very large userbase. On the other hand, consulting depends a lot on your portfolio, references, and past accomplishments, and nobody’s going to pay 1k EUR/USD/etc. per hour (exaggerating, obviously) if you don’t have any credentials. It takes time to build that up.

Ultimately, I do think you’re pretty spot on, but we’ll have to see. This is more just a fantasy I tell myself to make it seem like retirement is closer than it probably is…