I will pass you the very, very boring details about the economics behind it all but here's a couple of points you may find interesting that I garnered during my *exciting* academic career studying the economics of the software industry:

- Yes, jobs are moving abroad. But most of the time they are what are known as "low value-added" jobs - not the leading edge, cool, revolutionary new programming but the mundane old stuff such as debugging, maintenance, hotlining (gasp), etc... A lot of what is done abroad is actually adapting American or European programs to local languages.
- High value-added jobs will probably still be found in the states for a few years to come. Why is this? Well as mentioned above, the training you will receive in the US will always carry some kudos (here or abroad) because of the US's reputation as a technology leader. Secondly, knowledge in IT tends to be geographically concentrated (see Route 128, SV, etc). This is in large part due to the *nature of knowledge*. I'll pass you the boring theory but basically, interaction with your peers, frequently possible in such an environment as SV, has been found to be very important in learning about new techniques, languages, etc. Also as there is a concentration of skilled labourers in those areas, firms keep wanting to settle there (self-reinforcing geographic concentration)
- Excellent coders will always find work. All right, you may have to compromise and be willing to move abroad if required. But if you're good at what you do, keep up to date with the latest languages etc, you will always find work.
- IT is everywhere. Even if you do not end up working in the industry per se, ALL industries use computers, and there are a lot of possibilities in that. Take for example the bio-technology industry: there is a shortage of biologists who know how to code, so a lot of their bioinformatics development is done by IT graduates.

Now my advice to you, young grasshopper: go into IT if you really want to. Believe me, unless you love it, the many many years at college as well as the hours devoted in your spare time learning new languages and garnering experience on your own projects etc, will be pointless: you'll end up not liking your job, and chances are you won't be very good at it (there is a strong element of passion required, I believe, to be the best at your job). If you want money, go into consulting, bio-technology, or run for Congress.

If this is what you really want to do, my tips would be:
- Start learning now: there is no substitute for experience. You can already pick up the basics - it will make college easier anyway
- Keep up to date. Languages evolve, and it's always worth keeping up to date with what is relevant in the marketplace nowadays
- Open Source software is an excellent opportunity to learn (if not only by looking at code other have written and seeing how stuff works, but also by adding your own bits and getting feedback on your work). Your contributions also work as a signal to the marketplace: when writing your CV you can add that you contributed to X/Y/Z project, and your potential employer can actually track down what you wrote and be astounded by how wonderful you are, decide to hire you on the shot, and give you a billion dollars (well maybe not the last part)
- And just to be safe, learn mandarin...