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.
Comment on Not mocking cobol devs but yall are severely underpaid for keeping fintech alive
odium@programming.dev 6 months agoA 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 job.
Source: know someone who went to one of these bootcamps and now works for a major us bank.
djehuti@programming.dev 4 months ago
Soulg@lemmy.world 6 months ago
So you’re saying you can get free training then just leave for a real paying company eh
Asafum@feddit.nl 6 months ago
I imagine they have some absurd contract that says they can’t leave for 89 years or whatever
SmoothIsFast@citizensgaming.com 6 months ago
And I’d like to see that contract hold up in court lol
DragonTypeWyvern@literature.cafe 6 months ago
The trick to exploiting people is keeping them in fear and ignorance.
mcmoor@bookwormstory.social 6 months ago
And people wonder why companies dont train undergrads anymore
Nollij@sopuli.xyz 6 months ago
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.