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This is exactly why the outsourcing craze fizzled out for the most part. I remember when I was in school for CS in 2002/2003 there were people who would tell me that I was earning a useless degree, as all programming jobs would end up overseas.

The bottom line is that outsourcing looks great on paper but then just murders you with hidden costs. Delays to market, code maintainability, number of bugs, etc all go the wrong way once you outsource, but none of that is quantified on any C-level report.

Outsourcing has not fizzled out - I still see plenty of it ongoing

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