> Employers don't pay $5 per hour because they wouldn't make a profit either.
Nope, they might be able to make profit at $5 or $10/hr, but there it doesn't make sense to pay more than you have to, that's why Chinese devices are significantly cheaper than their western counterparts, they can still compete if they raise the prices but they can allocate cheap labor in china that allows them to become a strong competitor
I don't disagree (nor totally agree) with your opinion about the matter.
But they don't take a 20% of all their freelancers earnings, they take 20% on the first $500 of your per-client earnings, then %10 of the next $9500, then %5 of any more work with your client.
Also, you are free to work with any client outside the platform 2 years after you start work with them.
Nope, they might be able to make profit at $5 or $10/hr, but there it doesn't make sense to pay more than you have to, that's why Chinese devices are significantly cheaper than their western counterparts, they can still compete if they raise the prices but they can allocate cheap labor in china that allows them to become a strong competitor