COBOL is dead!
Long Live COBOL!
Seriously, there are more functional lines of COBOL and Fortran working in big business today than the average kid who never used a dial telephone could possibly imagine. I do not know of a single COBOL or Fortran programmer who is currently out of work. I can't say the same for Java(script), VisBas, C++, C#, and what-have-you. Not a month goes by when I don't get email from a former student, thanking me for suggesting COBOL or Fortran as another programming language to learn ... The two are pretty much ubiquitous in big business.