[giaour]

I dunno, my first programming job was for a consultancy that billed me out at $125/hour to do small jobs. Somewhere in the $80-$150 range? Maybe more, since their examples highlight jobs that take as little as half an hour.

I think you're assuming that the people completing the tasks are receiving the full $50/hour, which would mean no managers, no salespeople, no accounts receivable staff, and no office.