[Raidion]

To be fair, in the 50s and 60s a lot of the jobs were more engineering than technical, and the US had the advantage of being one of the few nations whose industrial capacity wasn't damaged by World War II. Now, software developers of similar skills in the US and India are paid massively different rates, simply because of cost of living. All the "missed gains" the US has is because money is being funneled to other countries who are starting to produce wares (both soft and hard) that compete with what the US basically had a monopoly on.