My former employer, a consulting company, just bought out a small dev consulting firm in...wait for it...Guatemala! Yes, Guatemala. Because as you all well know, Guatemala has such a long and cherished history of providing skilled software developers to the world. Oh, oh, wait, no, sorry, it's because they're really, really cheap. The main advantage of Guatemala over India is the time zone, that's it. And $5/hr or whatever those chumps are getting. I don't even think Guatemala has electricity 24/7 in most parts of the country.
It's all over for American tech dominance. MBAs sold us all out.