This topic gets brought up on HN every year I think.
The answer is always the same :
- Yes , US Engineers Salary are way exaggerated compared to the rest of the world
- No US Company will never "outsource" to europe to save 50% per full time worker
This has been predicted already a millions times and has never happened. The cultural difference is so important it doesn't work.
Long time ago there was a trend to outsource to india. It didn't end well from what I remember.