>>many programmers have that qualification. In India and less developed countries they work for less - $10/hr
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>How much are the agencies that "farmed" them getting? 10$/Hr in india is equivalent to 125$/Hr in the US - sounds like good wages:-). Maybe someday, India will outsource to the US - US status as a first world nation is eroding.

FYI Microsoft and IBM pay their programmers in India $25/hr. In Bangalor they open a center with 400 jobs.
Everywhere in the world could be outsourced. Sometimes expensive but skilled programmers with higher productivity become cheaper.