http://www.clusterstock.com/2008/8/wall-street-s-finally-hiring-again-in-india
yeah this has been a hot topic lately. however, it is worse for many IT people, general phone service representatives, and even medical doctors. India is coming up fast and there is no doubt they will continue to take some work from the US. check this out… http://www.usatoday.com/news/health/2007-12-30-surrogacy_N.htm
IT market is flourishing. If you know your stuff you get payed top $$$ 
The Wall Street is shifting to Dalal Street in Mumbai. http://en.wikipedia.org/wiki/Dalal_Street. Wonder what bonuses would Goldman Sachs pay in the month of Nov each fiscal year in Rs/- denominations? November is auspicious and the festive month for India…
all my IT friends are seeing no friction in the job market. ex: Chicago MBA cant get job in Chicago, not even sellinghot dogs. Guy with IT background with only BA from no name school has 6 offers. tells you. : ) -
ok so maybe IT isnt as bad as finance, but i think yall missed the point. the point is that India will continue to be a player in a diverse array of industries that will take jobs away from the USA. in the finance sector, i imagine they will continue to take away the more quantitative positions, but my hope is that there will always be a need for a CFA with excellent presentation skills, personality, and familiarity with american culture. then again, maybe not.