We all know I like math so I decided to do some.
The long and short of it: The maximum the majority of people can ever hope to make with a penny HIT per hour is $4.37. This value assumes a HIT per minute value of 7.5 with a CAPTCHA every 35 HITs which lowers the HIT potential per hour from 450 to 437.14. and assumes a few things:
- Complexity of HIT — The HIT is very simple and can be done in one click, and that click submits the HIT. I figured 5 seconds for the time of HIT, giving us our HITs per minute value of 450.
- The Masters difference — Next I thought about the Masters qualification, and since every non-Master worker needs to do a CAPTCHA every 35 HITs, this means they need to do roughly 13 CAPTCHA's per hour, giving us our 437 maximum potential.
- You work a full hour — this is the ridiculous one, but this is another assumption of mine. Can you really work a full hour doing penny HITs? It's possible, but after that, can you work two? Therefore the hourly paradigm actually doesn't make sense, as you'll overwork yourself and potentially miss other work that doesn't pay slave wages.
This is my speed test, which is 94% faster than the rest of the US, which makes me able to do penny HITs in five seconds, and yet I still reject all penny HITs as that's $7.20/hr, not even minimum wage.
My conclusion is, for even the most basic tasks, your minimum should always be 2¢/HIT.