Some choice quotes:

The workhorse computing language suffers from a “major image problem” rooted in fundamental misperceptions, researchers say.

COBOL programming is “a high-demand, niche skillset,” [...] Stack Overflow that found average salaries for COBOL programmers jumped 44% between 2021 and 2022, the largest dollar increase of all surveyed languages.

[COBOL] was developed “to be easy to read, understand, and program for programmers in the 1960s who had few explicit training opportunities,” [.]

Ongoing modernization means COBOL is interoperable with contemporary solutions like containers, VSCode, or cloud computing.

This article quotes the paper What You Think You Know About COBOL is Probably Wrong: Making Tech Stack Decisions When the State of the Art is a Septuagenarian which is also worth a read.