I agree to an extent.

However, from my PoV, I've seen what the talent pool looks like overseas, and it's a total crapshoot.

They tried offshoring full-on 10 years ago, and wound up on-shoring for anything more complicated than IT help-desk scripted stuff.

There is good talent to be had overseas (I promise, I know quite a few, and many of them report to me), but as they learned then, and many are learning the hard way now, for every one competent code-monkey or sysadmin living in Pune, Prague, or Shanghai? There are 10,000 fucking incompetents who have to be told every little thing, have to have their work cleaned-up at great expense in time and effort, and in general lied their asses off to get the job. The ratio in the US is much, much nicer - only 1-in-20 or so, and most of the incompetents here can be weeded out quickly enough.