Offshore development

Reposted from Boing Boing:

Three San Diego entrepreneurs plan to start a cut-rate outsourcing plant for software development three miles off the coast of Los Angeles aboard a used cruise ship moored in international waters.

Wired with a fat T3 pipe fed by microwave, SeaCode would employ 600 developers - the bulk of them non-U.S. citizens - who could crank out code around the clock at a lower cost and higher rate of efficiency than their American counterparts. The beauty part (at least according to the proponents) is that business would be booming, the headquarters could change sail wherever business took it, and RnR would be just a half-hour water-taxi ride away. In your neighborhood.