You’d think a computer programming accent created in 1959 would be anachronous — but you’d be abundantly wrong.

Most people know Java and C , but good ol’ COBOL is still alive and kicking. In the US, around 80 percent of in-person affairs and 95 percent of ATM swipes are based on programs written in COBOL. The botheration is there’s not enough people to advance the accepted COBOL-based systems.

According to Reuters, around three abundance dollars in daily business flow through COBOL systems. Many major cyberbanking corporations and some parts of the federal government have built their entire infrastructure on COBOL bases from the 70s and 80s.

So if article goes wrong, we might be attractive at a major shitstorm. However, you could make money preventing that.

Retirees who can’t stop working

Companies are in atrocious need for some young blood with COBOL knowledge. Only a few universities are still teaching COBOL but it’s not enough to meet demand.

Currently, banks and cyberbanking companies heavily rely on retirees, paying them $100 an hour to fix simple problems (for people with the right expertise).

75-year-old Bill Hinshaw, architect of COBOL Cowboys, is one of the veterans who can’t stop working. In an account with Reuters he said that he often comes across software he wrote over 40 years ago, which shows how constant the accent is in today’s cyberbanking systems.

However, using retirees isn’t absolutely a acceptable band-aid because, let’s face it, they’re going to die at some point and there’s no one to alter them. But the difficult thing about accepting new people is that COBOL isn’t as sexy as alive with Elixir, or Golang.

COBOL work is often seen as boring aliment duties which kills creativity. That isn’t necessarily true as there’s still new development and extending of COBOL applications being done, but the acceptability persists.

Why not switch from COBOL?

Since there aren’t many young programmers specializing in COBOL, the best thing would apparently be to switch to a new coding language. But that isn’t simple.

In 2012 the Commonwealth Bank of Australia replaced its core cyberbanking belvedere to improve their system. The change ended up costing around 750 actor dollars, which is why many banks have opted for trying to keep their COBOL systems going.

The great need for new COBOL programmers means great job-security and possibly higher salaries in the future, as the talent-pool gets abate and smaller.

Some adumbrate it will remain a major accent for the next 20 years, which is an amazing feat, given it was created at the very alpha of the computer age. So if you’re a programmer who doesn’t mind alive in a slowly dying but fairly lucrative field, then COBOL might be just the thing for you.