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"Code was never the hard part" is an insult to all programmers
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But those who do are paid the big bux, that's for sure. Many big banks still have their backend off of COBOL code originally written in the 90s, only with flowery UI updates over the years.
Pretty sure COBOL jobs getting unusually high pay is a myth. I don't really care what I work on so I've looked and they just don't seem to pay any higher than anything else
There was a period when that was true and companies were literally bringing retired programmers back to do it, but that was over 2 decades ago during the Y2K period when really old systems done in COBOL and running in mainframes had to have the dates problem fixed before the date roleover came in 2000.
I guess when compared to FAANG/Silicon Valley salaries you are probably right.
Cobol developers are typically developers who weren't good enough to learn other languages. Their computing knowledge is often quite limited to their mainframe. I've never met one who was competent in anything else.
They're not making the big bucks.