What you mention is the natural result of economic liberty. The result up to this point has been a kind of world technical wage. Programmers in Europe and the US tend to live similar lifestyles even if the wages themselves may vary due to local conditions.
But what the US corporations are availing themselves of is something which is the opposite of real free trade and actual capitalism. They are making use of an India government designed surplus of programmers. They are arbing the difference between US and Indian wages and standards of living. The fact this can be done is enabled by a whole series by govt import/export supports, host country labor policies, investment subsidies, tax laws. This is what the Carly Fiorina oddly calls free trade.
Normally business flows would push the Indian technical wage nearer to world levels but this is not happening. US companies create something called captive facilities in which the local offshore employees are kept carefully isolated from world price levels.
If true free market were in operation here, you'd have alot fewer India Java programmers and alot more Indian carpenters and builders.
Can you get me some source materials or documentation of this? This sort of stuff needs to be exposed.