It’s common knowledge that charging people for their time results in experts being paid less since they work faster, which is why experts charge more for their time.

This is true. My former side gig hired a few people to replace me when I stopped doing it due to lack of interest and time. These people eventually completed a project in approximately two months that would’ve taken me 4-5 hours of a single night.

My fee is $200 an hour so my charge for the project would’ve been $1,000. I estimate my replacements spent 80 hours real work time on the project overall. Let’s say the three people who worked on that project were charging $100 an hour. Pretty cheap in my field, by the way. That’s $8,000 there for their labor. And I am probably underestimating.

Even though I charge twice as much, I would’ve saved my former side gig approximately $7,000 and two months of wasted time.

Experts only look expensive if you don’t know a damn thing.