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Default Global Sourcing

I've been in tech for nearly 7 years, and my company is rabidly outsourcing work to India while talented US people at this company leave in droves.
How big of a threat is global sourcing? Is this the eventual end of IT work in the states, and should I instead study air conditioning repair? (I'm not being facetious either - I'm starting to think in terms of 'what can I do that can't be shipped overseas', since most things in IT can now be done remotely by people in India for a fraction of the price of paying an American.)
Thoughts?
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