This wasn't my experience. I consulted at ~20 different large (non-tech) companies. Every software development offshoring attempt failed and all the jobs ended

This wasn't my experience. I consulted at ~20 different large (non-tech) companies. Every software development offshoring attempt failed and all the jobs ended up coming back to the US. I don't doubt there will be international competition for specialized SWE jobs, but most of the jobs that revolve around everyday business automation and support will likely stay 'local'.