Is India the Next California?

And by that, I mean is India going to become so expensive that it loses its attractiveness as the preferred destination for outsourcing certain kinds of jobs? This News.com piece suggests that age-old dynamic is already underway, as India saw 14 percent wage inflation last year.

Of course, that doesn't mean India will end up as poor, any more than Europe and the U.S. got poor once they started sending jobs overseas. But the general hunt for relatively cheaper souces of labor mean more good news for China, Eastern Europe, and other places that may soon be getting jobs that would have gone India today.