Exactly right; all the Cobol jobs went offshore over the past two decades. There are 1,000s of former Cobol developers in my area alone. Cobol is a cost center companies seek to minimize.

All this talk about Cobol and nothing about it's characteristics that make it truly remarkable: all memory is statically allocated, there is no dynamic memory allocation. Makes streaming xml processing a true nightmare, but also make Cobol applications immune to entire classes of security vulnerabilities and exploits that plague every other language. Also, make performance reliable and easy to reason about with none of the "departures" common in other runtimes (ie thread pool exhaustion, stack overflow errors, heap exhaustion errors). Really dependable from a day to day management perspective.