That is definately a factor too. I've always thought that the next recovery in US businesses will no longer mean increased jobs for us. Costs are being managed very smartly now, and India and China is getting the lions share. Gone are the plentiful six figure jobs we had in Seattle several years ago.
It's funny we are discussing this, beacuse my small company that is building IM services for a very large customer is in talks of getting everything outsourced to India. And I work at a very small company. The larger ones like MSFT are surely sending thousands of jobs overseas.
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