alt Hacker NewsI feel like every time COBOL is mentioned we get these stories about crazy high comp for COBOL developers, but anecdotally my aunt worked on COBOL projects in the mid 2010s and was paid a much more modest 45 $/hr. Good money for small town middle America where she lives, but nowhere close to what a decent JS dev can get.
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ghosty141 • 10/01/2024
Similar experience with a friend of mine. I feel like these high salaries only apply to people who habe worked at one of these companies for a looong time.
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There's also the difference between what a consulting company bills for the COBOL developer and what they pay the developer. Not every consultant is the captain of their own ship.
My first job after college was a software shop organized in a "services" model, where clients would have to sponsor teams to do feature dev or support beyond initial onboarding. It's been a long time and my memory is hazy, but as I recall I was expected to bill ~40 hours a week to clients and if I only worked 40 hours that week (being OT exempt, this was always the goal), my hourly pay came out to between 10-20% of what the company billed the client.
So $500/hr on the bill and $45/hr on the paycheck both manage to sound plausible, even at the same company.