Comment by spaghetti

Yes there are great developers and other professionals on Elance. Think about it from a developer's perspective: I can work at one company, on a relatively small variety of projects, probably maintaining some legacy code, with the same people at the same place everyday for years on end and earn $X/year. Or I can work for a few clients that I choose, on a wide variety of products, rarely/never maintaining legacy code other than my own, and work from almost anywhere in the world while earning something close to $X/year (probably +/- 20%).