Good reminder post.

I think its good for fellow pros in the industry to start questioning your own rates & prices from time to time.
Also, those who charge low could mean another thing....they need to cover overheads to sustain their staff's salary.
Got some work is better than no work at all.
I only believe in one theory that you guys have probably heard....
Out of Good, Fast & Cheap, you can only choose 2.
Good & Fast dun come cheap.
Fast and cheap don't expect good.
Good & Cheap, it won't be fast.
Your value and your rates are usually determined by how confident/experienced/skilled you are, how much you think your time is worth, probably the type of equipment you use, and the type of clientele you have.
Some people have the mindset that if they earn $400 per day, 10 day's of work would already equate to 1 month's salary, so they're happy with what they're getting.
Some people think that an extra $300 over the weekend can help offset some of their daily expenses, since they already have their gears.
Some don't even think about ROI of their equipment because they treat it like a hobby. You buy for fun/work, and you sell it off when you're done with playing.
Sadly, some clients who are also middlemen are out to exploit people. They charge their real clients a lot of money, and look for cheap interns or hobbyist to work for them at a fraction of what they're getting. That's business, and I think for those who already have been in the industry for over 10 years, if you still can't realise these points, then it's about time to re-think about your work future.
When I was firm on my rates during 'bad' times, I did lost some clients...some of them never came back until they needed more niche services.... but then looking back, I also gained a lot of benefits.
I gained more valuable clients... clients who need & value your services & skills.
I gained more time for other developments.
I took up lesser jobs, but better paying ones with minimal loss of income.
Its almost like a gamble...an exact business venture....no pain, no gain like they say....putting your time vs. money at stake.
If you take up 10x $300 jobs, you earn $3k, but if you can take up 6x $500 jobs, you also earn $3k, but you gained 4 extra days to take up other jobs.
2 cents worth....