Ever want to just scream I told ya so? After millions of jobs have been lost, it's dawning on companies that offshore outsourcing to India poses extensive risk:

A number of companies are closing software development and customer call centers in India by selling the local resources – systems and human infrastructure to offshore consulting companies and then signing multi year contracts for services. Is this the end of an era in off-shoring of programming and customer service work to India as we have known it?

Multitudes of companies discovered a resource arbitrage in India – a market pricing imperfection in the cost of labor. Like all arbitrages as the gap in pricing closes as demand for the cheaper resources increases. Think of the adjustments in the Indian outsourcing market in two veins. One is that of a slow motion closure of a labor arbitrage and the other as removing assets from companies balance sheets. The closure of the labor arbitrage is occurring because the true cost of outsourcing programming and customer service work offshore was higher than first anticipated or as time has moved on demand for these offshore resources has naturally eroded cost advantages

Look at that, pathetic. Sorry corporate bean counters, technical workers are much more than a labor cost figure on a spreadsheet.

But you can bet the pressure to displace U.S. workers with foreign guest workers will be higher than ever since their attempts to squeeze Professionals by offshore outsourcing isn't working out so well.

When will these companies figure out that high skilled labor is just simply not something one can turn into a commodity like a sack of potatoes.