Passage to India

I'm on the board of a start-up company and about five months ago, we received competitive bids for the job of creating our web-site. A well-known US-based design/branding firm said it could do the job for $175,000 USD. A company based in India bid the job at $17,500 USD.

Yesterday, IBM announced that it was "relocating" over four thousand software programming jobs to India and China. The numbers above tell you why.