If you are interested in issues related to jobs moving out of the US go check out this Daniel Drezner post. Lot’s of links to more posts and related info plus good stuff in the comment thread.
Drezner appears to believe that this is not as big an issue as many are making it out to be. Make up your own mind.
Oh, and check out The Acorn’s discussion of this Wired article. You will find a wealth of additional commentary on outsourcing and India here as well.