I realized after writing this that one force pushing prices down is that the marketplace has to serve a global audience; one thing lacking in the point of view of my question is that not every market in the world can afford to hire contractors at US rates and contractors on these sites don't just serve the US.
I realized after writing this that one force pushing prices down is that the marketplace has to serve a global audience; one thing lacking in the point of view of my question is that not every market in the world can afford to hire contractors at US rates and contractors on these sites don't just serve the US.
I wonder if this is also related:
http://en.wikipedia.org/wiki/Bertrand_competition