[Retric]

Fast growing as a percentage but still small on an absolute scale.

India became such a hub for outsourcing because of the huge pool of English speakers in a single country. Large scale near sourcing to South America has less of a time zone issue but only 1/3 the population of which fewer people speak English + a large number of countries with their own tax codes etc. It’s easy to lump Brazilian and Mexican developers together but cheaper to only operate in one of those countries at which point the talent pool just isn’t that huge.

Really it’s Middle America and Canada that are the ‘threats’ except unlike India there isn’t the vast talent pool. Silicon Valley alone has roughly the population of Montana + North Dakota + South Dakota but those states have nowhere near the number of software developers and they want first world compensation.

It’s easy to confuse geographic area for talent but those expensive costal cities are huge: https://www.visualcapitalist.com/maps-extremes-us-population...