There is truth to this, certainly. In software engineering or related positions? I don’t think so, generally. If this was the case we wouldn’t also outsource positions.
Invert your argument: If outsourcing was so great, we wouldn't have any software jobs in the US.
The reason to outsource, to offshore are far more nuanced than "cost".
There is truth to this, certainly. In software engineering or related positions? I don’t think so, generally. If this was the case we wouldn’t also outsource positions.