Yes, but that drives me crazy! With the internet you aren't held down by your local economic wage and yet there are people like this guy who works like a dog and undercuts everyone with crazy cheap prices which brings down the global value of developers on sites like odesk. While I am sure he is a great developer, my point was that he could have worked less, raised his prices, gained better clients, and overall built a better business model.
I'm not sure the economics of the situation are obvious as that.
If he raises prices: is he actually going to get "better" clients? He'll have to compete with other high end'ers. What if there competition is too fierce at that price point? What if his skill/quality doesn't match up to that price point?
