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In my experience (which is considerable), you are not hiring a capable professional at those rates. At LeadWrench, we work with a lot of developers, including full-time, part-time, and freelance developers (we have all three types currently, for example). The rates you're throwing out there don't often bring individuals who can account for all of the factors necessary to successfully complete a project, or to negotiate obstacles along the way.
A lot of hiring and firing has helped me develop a pretty clear picture of where to hire from and what to pay.
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