if taken at face value, this is sad. In fact, the entire field is moving in many directions at once. Some parts of some kinds of programming already did move to India from the US, but its not at all the whole story.
Seems like there is a hidden bit of advice about not becoming overly specialized or at the very least be nimble enough to be able to change your specialty quickly. Also seems like this will lead to "specialists" with shallow knowledge on average.
I see it as a bit of hidden advice of just because someone knows a shit ton about one thing, doesn't mean they known everything about everything, even if they sound like they do.