Design Prices Driven Down...

After looking around the internet at a lot of freelance sites and resources, I get this sinking feeling about the freelance design community... Why?

Well it seems to me, on the internet, there are a lot of younger people, who, in looking to get their feet wet, will bid any amount to try and get a job... I've seen people bidding 100 bucks for a website for their portfolio or what have you, but where does that leave a lot of us who have been working in the field for years? I can't afford to undercut so much...

I think a lot of clients realize you get what you pay for, and although many younger designers are talented, theres potential customer service and reliability issues...

It's just frustrating for me to see so many people flooding the market with low bids to get the experience.

Anyone else see this around?