I've almost got more business than I can handle. It seems as though my out-of-state competitors no longer have the resources available to compete effectively with me. Too bad for them.
And why would I outsource work anywhere now that there is such an available surplus of American talent? Singapore is hot? Only the weather. People who outsource to Singapore and China are 9 times out of 10 "first time" outsourcers. They'll learn later on just how bad the quality and how eggregiously those shops miss deadlines, and God only knows that they can't handle a simple spec change once the process has started (which rules out 95% of all American software projects - as we like to change our minds at the last moment to frequently keep up with our dynamic environment).
If by "economic problem" for high tech you mean that the easy-money-boom-times are gone, then yes, I agree. On the other hand, just because the easy money is gone doesn't mean that all of the money is gone from high tech. Technology has its place, and companies will always be willing to pay for certain technological improvements.
Am I shedding any tears for my competitors who don't have my level of staying power, however?! Hardly.
Gee, contracts no longer have 200% markups. Who woulda thunk that such easy money was only transient, rather than a permanent fixture?!