Elance.com and Freelancer.com

Hi all,
I'm pretty new to this site, but certainly no newbie to design.
I'd like to post a comment about something that has been rattling me for quite a while..

The fact that places like Freelancer and Elance exist, basically kill the market for those of us who are professional designers trying to run a business. Everyone expects that those of us running a full time company are also going to be charging $10 for a logo.. I mean, let's be honest here - how is that even possible when we need to take a few hours to conceptualize a few ideas, scamp the designs, pitch to the client, and finally design the final concept. I don't want to generalize here, but the guys using these freelance sites, don't put that much effort at all into their designs.

It really annoys me that they are essentially setting the bar low for those of us who are trying to earn a proper living from design work!

Anyone else have anything to add here?