>I am curious as to why you would make a statement that "The overseas technical job paranoia is a rumor or hoax!"
>

TV!

There was a special on NWI (or was it TechTV?). Anyway, the crew was in India, examining the "boom" in tech jobs.

I expected to see clean rooms and programmers in cubes writing the next killer app. The story was not about what most of us might consider to be a technical job. It was a story about young Indian graduates with technical degrees getting jobs in the new Indian economy.

The piece that delt with "programming" showed engineers messaging call lists through browse windows. The rest of the story went into what kinds of jobs young Indians with techical degrees were working.

Maybe the story missed something - but all the jobs were call room jobs (I have received several phone solicitations where I thought I detected an Indian accent) or help desk jobs (How do I install this or that or why isn't my browser working).

There were very bright, young - professional Indians, but the jobs were all phone (or boiler) room work. Not what many of us would imagine a stolen or lost US job.

I can see "team" software projects moving over there. But the piece didn't go into software development, unless browing a call list is considered development work!