Yep, but there are price points where it starts being worth costs. If you want to hire a team of 10 engineers (mix of junior/mid/senior) at an average FTE cost

Yep, but there are price points where it starts being worth costs. If you want to hire a team of 10 engineers (mix of junior/mid/senior) at an average FTE cost of $150k and are struggling to do it in the US, and could probably make it happen at $200k - $250k, the looking at hiring 10 engineers in another country for $80-$120k and hiring another 3-4 local engineers/managers at $250k to manage the coordination inefficiencies still probably comes out ahead. You still need to hire (or get a vendor that hires) good developers or you'll be screwed though. I was burnt by some bad Indian outsourcing earlier in my career, but since then have worked with excellent firms from India, Ukraine and Columbia. But we paid top of market (for the foreign market) rates for that value.