Don't worry about what happens in Silicon valley and Vodacom... worry about what is happening in India.
My Boss was talking about hiring senior DBA's over there for $20 000 a year !
Similar skills cost about $20 000 a month over here....
We all need to watch out or we will be heavily undercut.
I've seen whole departments gradually move from SV to India within my old company. No one was fired, rather gradual attrition in SV, led to replacements in India. It is disconcerting, but I have hardly ever seen India become the center of innovation within a company - possibly partly because all the best Indian engineers want to (and do) move to the US (or elsewhere).

