India is trying to become "the world's IT lab." This bit that appears to have been ghostwritten by the Indian Chamber of Commerce has the scoop. It's not just the grunt coding work that's being outsource, google, IBM, Nokia, Intel, and Sun have R&D labs there and India is trying to get more. It might take a decade or two, but I'd imagine that lower demand for American programmers will lead to lower demand for universities to teach prospective programmers. Eventually software will become something that the U.S. isn't too very good at, and we'll be reliant on foreign countries to supply the innards of our basic and not-so-basic electronic devices. That will not be a good thing.