Next time you laugh at musty old tech, remember that new technologies are often built on it.
Mooney, a recent New Jersey Institute of Technology graduate in computer science, is a fan of technologies that were hot a half-century ago, including computer mainframes and software called COBOL that powers them. That stuff won’t win any cool points in Silicon Valley, but it is essential technology at big banks, insurance companies, government agencies and other large institutions.
When you deposit money using your bank’s iPhone app, behind the scenes it probably involves computers that are the progeny of those used in the Apollo moon missions. Praharaj said she learned COBOL in college in the mid-2000s and “hated it.” But until about five years ago, she was regularly using a 1950s computer programming technology called Fortran in a former job in the financial services industry. The old stuff is everywhere.The typical salary for a COBOL programmer jumped 44% in the past year to nearly $76,000, according to a pay survey from Stack Overflow.
Year Up, an organization that trains young adults for jobs in technology fields, told me that it discontinued training in COBOL. Potential employers asked Year Up to focus its curriculum on newer and more widely used software programming languages such as Java and Python.
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