A lot of banks have bootcamps where they pick up unemployed people who might not have ever had tech experience in their life. They teach them COBOL and mainframe basics in a few months, and, if they do well, give them a shitty $60k annual job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
Oh, no, educated workers who don’t want to be taken advantage of and know their worth, maybe companies should value their employees if you want company loyalty.
Oh no, job providers who don’t want to be taken advantage of and know their worth, maybe people should value their job providers if you want their loyalty.
spoilerMy time on Lemmy (and Reddit before) ironically make me appreciate communism less and less
I code one feature for my job in a sprint and it becomes a value generator for a decade, making the companies hundreds of thousands of dollars each year.
Software developers create value out of thin air for companies, value that management and leadership is unable to generate.
There are some court cases going on right now about this type of thing. Generally, the payback is only allowed to be for the real cost of training, and only for a few years. So that 60k salary for 3 years is also the right amount to make you worth 150k anywhere else.
This has been going on for decades. My dad became a COBOL programmer in 1980ish after taking an aptitude test in answer to a newspaper ad. Y2K consulting was a pretty good gig.
Friend has a cobol + IBM AIX combo going for him and his on call + at most 1 day/week of work position pays more than my full time very senior dev role.
I know a person who does AIX consulting with Cobol. She works about 4-8 weeks a year spread between 3 companies and makes enough to raise a family and fund a massive hobby farm. Helps to be in an area with a large fintech presence I imagine.
Very nice, yeah that’s the problem. I broke into AIX in the wholesale industry in early 2000’s so I have very few finance connections, which is where it all seems to be.
I have also been work from home for 7 years now and figured I’d have to go onsite for banks. That may have changed post covid. I will poke around and see what might be out there for me
Idk what the AIX job market is right now, but several years ago banks in central Europe poached employees back and forth just to reach minimum staff required.
Who would've thought a sector with gold flowing through its hands would be so stingy when it comes to updating their backend that they'd end up relying on a dying language, and call upon AI to update it for them rather than just paying a competent team to create and rigorously test a new backend in a modern language
One problem is that they need to put a price tag and therefore a timeline on such a project. Due to the complexity and the many unknown unknowns in theses decades worth of accumulated technical debts, no one can properly estimate that. And so these projects never get off and typically die during planning/evaluation when both numbers (cost and time) climb higher and higher the longer people think about it.
IMO a solution would be to do it iteratively with a small team and just finish whenever. Upside: you have people who know the system inside-out at hand all the time should something come up. Downside of course is that you have effectively no meaningful reporting on when this thing is finished.
I swear to god, companies are nowadays just picking the solution with the most buzzwords. Any compiler engineering student knows how to write a transpiler from one language to another, while getting this right is a cumbersome task, it still completly automated afterwards. Just hire a few compiler engineering phds and the job is done in at least half a year.
You want to translate COBOL to another language? That exists as a commercial product! The complexity is not the syntax though, it is the environment and subsystems surrounding the code. A lot of COBOL is designed for mainframe systems, and emulating a mainframe is complex.
You also end up with code that is still written as if it were COBOL. The syntax for COBOL is the easy part and that is all you can easily replace. Afterwards you’re still stuck with the way of working and mindset, both of which are quite peculiar.
The company I work for recently looked at all of this, and we decided not to translate our code.
Just make the devs learn the language if they don’t know it already. What kind of shitty mid to senior dev can’t learn a new language in a reasonable amount of time.
I think it’s a matter of expertise. I am stuck dealing with people who write Javascript/Typescript like it’s C# because they’re C# senior devs. It’s not world-ending until issues of speed, scale, or other “why we use best practices” raise their ugly heads. Then it is world-ending. I can only help with so many design standards when you still see everything show up in a classes-and-subclasses mindset with hard-to-catch concurrency bugs. I actually caught a developer trying to spin up a child process to wait on a socket response.
So in FinTech, I can imagine it becomes a bigger deal faster.
Something that a union would definitely solve. What are the banks gonna do? Fire every veteran and hire a team of underpaid newbs to manage their critical systems? If they were dumb enough to do that, let them save themselves millions a year by facing billions in losses… I’m sure that’ll work out well.
The thing is, this type of job never needed a union previously. It was niche enough for a long time, that you were sought out and rewarded well. But yes, I think we're moving into an era where we do need union representation.
Oddly enough, with my experience I am sought out still. Just for bizarre startups who clearly never checked my previous work history. Some of the messages I get on Linkedin for example are just weird requests.
If only there was one, I wish I had one just so I wouldn’t have to do all the fucking social hoops just to get my resume noticed by an actual human before the HR’s “I don’t want to do my job!” machines filter me out for not going to an Ivy League School like apparently everyone else did.
I think the problem is that unions are famous for fighting for equal pay across the board for the workers they represent regardless of individual competency or market demand. For this example they’ll give COBOL developers a raise to 120K and give web developers a pay cut to 120K.
Or best case scenario they give the COBOL developers a short-term raise to 150, then raises across the industry stagnate in coming years to offset the fact that employers feel like they’re overpaying for some people. But sure, a few years later the union can come in to look like a hero arguing for a fraction of the raise the web devs could have already gotten.
Always on hjkl to move, and always ready to insert (i), append (a) or insert before (O) or after (o) line and fast escape with esc.
For search and rescue missions usually use the /.
They need a vim drill before combat.
Afterwards I found a chatroom thread among Cambridge computer scientists, one of whom had also been told that unless he could pin down the moment of theft no one would look at the footage. He said he had tried to explain sorting algorithms to police - he was a computer scientist, after all. You don’t watch the whole thing, he said. You use a binary search. You fast forward to halfway, see if the bike is there and, if it is, zoom to three quarters of the way through. But if it wasn’t there at the halfway mark, you rewind to a quarter of the way through. It’s very quick. In fact, he had pointed out, if the CCTV footage stretched back to the dawn of humanity it would probably have only taken an hour to find the moment of theft. This argument didn’t go down well.
It’s got huge amounts of applicability in many lifestyles and situations that most people never realize until the moment arrives. I once played a fun game that had you guess a number between 1 and 1 Billion with them telling you higher or lower to earn your freedom. Takes a couple of minutes at most.
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