You can already see this happening a bit in the online freelancer marketplaces. It is, apparently, easy to find people to write code for $1 or less per hour.

You can already see this happening a bit in the online freelancer marketplaces. It is, apparently, easy to find people to write code for $1 or less per hour. I have doubts about what kind of quality one might get for that price, but the project listings I see, regardless of how low the offered price is, always have dozens of proposals.