  Let me first state that I love outsourcing. What happens with outsourcing? American jobs get sent overseas! Does anyone else realize how great this is? Right now America is suffering from the worst trade imbalance in the history of the universe! Why is that? Because Americans are so darned wealthy compared with the rest of the world that we can afford to buy everyone else's stuff but they can't afford to buy ours. What we need to do is create consumers for our products in other countries. The first thing that a consumer needs is money, and the best way to get money is through a job. Now, the unemployment rate in America is a whopping 5.3% this month! There's a lot of potential consumers there. However, the unemployment rate in India, the 2nd most populous country in the world, is 9.1%! Folks, that's nearly double the percentage of potential consumers.
When you consider that India has more than triple the number of people, the total potential consumer base is staggering. But they need jobs in order to become consumers. So what do we do? We give them jobs that we can spare and create newer higher-paying jobs back at home to replace them. What's the end result? People in India have more jobs and get better wages and can afford more of our stuff, which in turn increases our exports and works to right the titanic that is our trade deficit.
Outsourcing can only help. By spreading the wealth and making the global economy stronger, it only improves our bottom line: better commerce and standard of living. America's economy is mostly self-sustaining at the moment, but imagine how truely immense it would be if other countries had similar wealth with which to pour into it. Okay, let's tackle this issue more seriously. Let's say you're a highly-intelligent and motivated American employer, and you have to fill a newly vacant position within your organization. Now, you have a choice between Bob, who is a highly skilled and hard-working American citizen, and Punjab, who is a highly skilled and hard-working Indian citizen. But Bob is asking for twice as much as Punjab. What do you do? In order to compete with your evil nemises for larger and larger market shares, you hire Punjab to cut costs and lower prices (benefit number one goes to the American consumer of your product who will benefit from the lower prices). The immediate effect of this decision is to take one highly skilled worker off of the foreign market, and to leave one highly skilled worker in the American market. Now, let's say that your evil nemises, not to be outdone, use the exact same hiring practice that you just used to cut their costs and lower their prices. Well, now all possible consumers, both foreign and domestic benefit from this, but also, a higher premium starts to get put on foreign workers effectively increasing their average wages.
The American wages in the meantime start to fall in order to compete with the lower wages in other countries. This allows new and cutting-edge American companies to acquire highly skilled American workers, that would have otherwise been gainfully employed, for practically peanuts. Eventually, the new companies will absorb most of the valuable assets left on the job market and the wages will start to increase in these new and cutting-edge fields. This sort of situation is a win-win for all parties involved. 
