Earlier quoted context omitted.
Let me up the ante. Why do we believe COBOL is yech-debt?
If there’s a shortage of developers who understand the language, then the team cannot properly understand the application (as per TFA). If nobody can understand the application, it cannot be modified. If an application cannot be modified, its value will continuously decrease with time. That decrease in value, as well as the projected cost of building a replacement, is tantamount to accruing interest on a debt. They c…
What you’re describing is a management and leadership failure.
In US tech we have an overabundance of Type A people in it for the money, but there are plenty of smart Type Bs who just want stability and a life, for a fraction of the going SV engineering pay.
You have to wonder why the latter is impossible for American companies to achieve.