"They will hire 1 software architect in US to write specs and 10 software developers in India" is exactly what everyone said was going to happen in 2004 as software engineering outsourcing really started to gain traction. Malcolm Gladwell's The Earth Is Flat basically made the argument that software engineering in the US was going the way of manufacturing.

And outsourcing certainly became a thing though not in the way everyone predicted. There are far more software engineers in the US today than there were in 2004.