I've hired cheap developers and I've hired $150+/hr developers and I can tell you, I still work with the $150+/hr developers and not with any of the cheap ones. There's a reason for that: low pricing represents a kind of fundamental laziness and bad business sense, which sadly tends to permeate to the real work, too.

No doubt there are brilliant deals out there -- awesome devs who do great work, professionally, and don't know their worth -- SOMEWHERE. But considering how I've failed over & over to find them, I don't bother trying any more.

If you're good, you can ignore everything that goes on at low price points. And well you should.