Outsource of IT to India

I am having my job outsourced to India. Is there such a thing as a career in IT anymore or is it a cheap, value less, commodity now? Should I look at another area?

Seems like Management or Sales are the only safe options these days.

One problem I see with outsourcing is that the cheaper guys get trained up and then move onto higher paying roles. So the companies end up getting very bad service levels as the staff are always new. But I guess cheap IT makes the share price look good which is far more important.