The problem here is that people who understand these systems are all retiring. Majority of the devs are over 60 and there's simply not enough new talent coming in to replace them.

So the real challenge companies are facing is will there be enough people to safely maintain these systems in the next decade. If they do not, it means failures in credit card systems, airline reservations, insurance claims and more.

It sounds like they will still need to hire and train human talent who can understand the code, and evaluate and integrate outputs of AI systems that conform to the specific compliance and data retention requirements of these industries. And also people who can enforce said compliance, and a lot of other things. Sounds like a complex problem without a neat off-the-shelf solution

Correct, they are retiring, for sure.

The last thing I’d ever put into mission-critical systems is an LLM.

So let’s hope it’s a mainframe sandbox so future COBOL programmers can learn on it. :)

In any case, COBOL systems work precisely because no one is constantly tinkering with them to “add a new framework”.

The last time I saw, someone made a “Hello World” app in Electron, and it was 220 MB.

Howgh.

Wouldn't the lack of supply drive up wages until more new talent is incentivized?

> Majority of the devs are over 60 and there's simply not enough new talent coming in to replace them.

Yawn this tired old yarn, again. Mainframe development was offshored from the US decades ago. These retiring cobol programmers simply don’t exist in numbers that matter. The market could be to the companies doing the offshore work, but they’ve been throwing bodies at this problem for a long time, maybe there’s a market there maybe not.