"In fact the economic advantage has already largely dissipated and it's already not cheaper, which is why you don't hear anybody talking about this anymore. The whole "we're all gonna lose our tech jobs to the cheap foreigners" scare is all very 2008; it has failed to happen, and it will continue to fail to happen because equilibrium has been reached and will not rapidly change because there's few to no new markets to suddenly emerge."
Wrong. Yahoo!, for example, has been continuously shedding Bay Area jobs and moving them to Bangalore. Right now, in 2011/2012, they are laying off workers in Silicon Valley and hiring in India. Expect other companies to follow suit.
It is certainly much cheaper to hire in India. Depending on experience, you can get three to five programmers there for every one in the Bay Area. They're just as skilled.
Wrong. Yahoo!, for example, has been continuously shedding Bay Area jobs and moving them to Bangalore. Right now, in 2011/2012, they are laying off workers in Silicon Valley and hiring in India. Expect other companies to follow suit.
It is certainly much cheaper to hire in India. Depending on experience, you can get three to five programmers there for every one in the Bay Area. They're just as skilled.