"'Increased global trade was supposed to lead to better jobs and higher standards of living,' said Donald A. Manzullo, an Illinois Republican who is the committee chairman. 'The assumption was that while lower-skilled jobs would be done elsewhere, it would allow Americans to focus on higher-skilled, higher-paying opportunities. But what do you tell the Ph.D., or professional engineer, or architect, or accountant, or computer scientist to do next? Where do you tell them to go?'"

It's time to wake up people. Being able to sling a little code, set up a webserver and talk your way around a design meeting is not going to cut it anymore. You need to get off your ass, put the time in on the weekends and:

1) Identify what it is that you can do that cannot be done by anyone else (or at least, anyone who is willing to work for your salary)

2) Train yourself to do it well.

Make yourself more valuable than those Indian workers by being willing to work 60 hours a week for the same salary

Then of course they don't want to lose their jobs, so they will make themselves more valuable by deciding to work 80 hours a week for the same salary.

And since you have to eat and can't afford to lose your job either, you decide to work 80 hours a week, but now you are willing to work for 80% of your original salary.

But they can't afford to lose their jobs either, so they will work 80 hours for 50% of your original salary and forego all company benefits.

You and your co-workers proclaim that this is not a living wage and that you hardly see your kids anymore, so the company fires its US workforce and moves operations to India, but continues to offer unpaid internships in the more expensive labor markets like yours. Naturally you take one of these unpaid internships so that while you are "looking for a job" you will at least be "gaining new skills".

And fourteen months into your unpaid internship, you see that taxes on the CEO have been lowered and he how has a little windfall in addition to that $44 million salary and bonuses for increasing profits. He uses his windfall to buy a yacht.

In the hourlong I.B.M. conference call, which took place in March, the company's executives were particularly worried that the trend could spur unionization efforts.

"Governments are going to find that they're fairly limited as to what they can do, so unionizing becomes an attractive option," Mr. Lynch said on the recording. "You can see some of the fairly appealing arguments they're making as to why employees need to do some things like organizing to help fight this."

The I.B.M. executives also warned that when workers from China come to the United States to learn to do technology jobs now being done here, some American employees might grow enraged about being forced to train the foreign workers who might ultimately take away their jobs.