I don't think moving tech labor form US workers to Indian workers will have the desired effect that corporate decision makers are hoping for. For one, good tech workers are hard to find anywhere. A candidate needs a range of attributes to be effective at this type of work. That type of talent is hard enough to find in the western world, it will likely be just as hard to find in the east. Two, Indian tech labor isn't…
"We'll have flying cars!" (Need runways, air traffic control, can't let drivers steer their flying car themselves, too dangerous, etc.)
"Work will be outsourced and we will lose our jobs!" (Your comment)
"Artificial intelligence will replace humans and revolutionize everything!" (AI is really hard and nowhere as promising as once believed)
"With gains in productivity, we'll all work 10 hours of week and spend the rest of time writing poetry and traveling!" (We'll just increase total economic activity by making you work the same number of hours)
"The Internet will put an end to ignorance by giving everyone free access to the total sum of knowledge in existence" (Human biases are really entrenched and can't be changed by any amount of information)
I wonder how many other futuristic predictions being made right now will age like milk.