there is no place to run to - alot of people I know who were lucky enough to have security clearances are piling into government work - either directly, or indirectly through government contractors and sub-contractors. that's the most stable work out there right now. all the free traders pay their salaries through their taxes now.
the problem is, any new VC money coming into the system (especially second phase funding, past the startup phase) include some component of offshore technology staff - or you don't get funded. So new business plans factor that in from the start, the jobs never appear in the US right out of the gate. I see that alot with people I know in semis - running a fab in the US for a new venture is the joke of the industry now.
Yes, I've seen that in a number of articles (BW Online, or Forbes or whatever). The idea is that some of the key players in the VC are themselves Indians--it is just a sop or a jobs program to their fellow countrymen. It will change, it will just take time. E.g. how well is Sun Microsystems doing over the last several years, Computer Associates has nuked itself, so on.
The problem is that India is a Third-World country and so does not have the cultural mores that the US does.
I fear that the 'patriotic nepotism' (to coin a phrase) prevalent in much of the rest of the world will screw US businesses that naively belive (hey, nice cadence!) that profit motives are equally important to all players.
Because the VC's are about 180 degrees out of phase with what's going on.
Look, if you can round up some bright people in Bangalore, by all means use them. They've got a serious technical education program in India and it's paying off for them.
But to me, outsourcing "because it's cheap" has a way of turning into:
I'm running the top steakhouse in town - but I'm saving money on a chef by having a guy around the corner cook them on a hibachi on the sidewalk - but we can't make him understand that you're only supposed to flip the steak once so they come out all dried out and its embarrassing and three-quarters of the time the owners wind up having to cook the steaks themselves anyway.
I mean, is that how you really want to do it?