I think this service is utter garbage for the talent. While you might think it creates a completive market what it really is doing is devaluating the price and skill of a particular job. On average I make $60-80 per hour in my field and I see people offering their services for $9 an hour. Well if you're not not living in a 3rd world country you can't provide a skill for $9 an hour it's outrageous.
Hi there Cynical, this is Marcus and I'm from Freelancer.com. We would like to thank you for trying out our site and providing a feedback regarding your experience. I understand that $9/hour is too low for your rate. However, note that you have the option to filter project budget and bid only to those that will suit your skill and hourly rate. Feel free to email me at marcusc@freelancer.com. I would love to hear more about your thoughts on pain points you experienced and how we can improve our product to better support you and other users. I hope to hear from you.