Early in the Covid-19 pandemic, the governor of New Jersey made an unusual admission: He’d run out of COBOL developers. The state’s unemployment insurance systems were written in the 60-year-old programming language and needed to be updated to handle the hundreds of thousands of claims. Trouble was, few of the state’s employees knew how to do that. And the crisis went beyond New Jersey, just one of many states that depended on these unwieldy systems. By one rough calculation, COBOL’s inefficiencies cost the US GDP $105 billion in 2020.
You might think New Jersey would have replaced its system after this—and that Covid was COBOL’s last gasp. Not quite. The
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