The low end jobs which go to India are where engineers enter industry and learn their stuff so this does matter here and is a good trend (I am really hoping India manages to use this to take their country out of poverty).
It's a "good trend" from the perspective of people in India that benefit from it. It's not so good from the perspective of US engineers whose experience or ability is best suited to that kind of job, and when they're stuck taking crappy jobs that let them just scrape by, it's not good for their family or our society's tax base & economy.
It's like the old swimming rule that if you see somebody drowning, don't swim right up to them -- because rather than saving their life, you are far more likely to find them dragging you under and making it extremely hard at bestto stay afloat. Countries that have severe socioeconomic gaps between privileged/underprivileged groups, with the bulk of the population living in poverty, are a lot like that theoretical drowning person. Rather than India being at all likely to improve things for its general population, it's merely dragging the US under.
Countries tend to do their best at lasting improvements when they focus on inventing items or concepts that creatively address common problems, amuse people, or improve quality of life, and then alter the invention/idea so that it is a product people would wish to buy. In comparison, entry-level/unskilled jobs poached from other countries tend to pay less over time, they don't encourage government investment in education for higher-end jobs or for creating new industries, and virtually all of the income is taken by the facilitating company rather than being put back into the local economy by employees.
I definitely agree with free trade & our politicians being the culprit... I have no idea how to fix the pro-corporate corruption that has taken over every facet of government, though, and we'd have to do that before we could come close to fixing the problem.