Not just offshore. I once worked as an employee at a company that was paying me $60k/year (which works out to roughly $30/hr), and billing me out at $250/hr.

Not just offshore. I once worked as an employee at a company that was paying me $60k/year (which works out to roughly $30/hr), and billing me out at $250/hr. There was a lot of pressure to work billable overtime, too, and as salaried employees we didn't get paid for it.