This is the first time I hear that translation job is hourly-based, as I know it should be based on how many words/pages you are going to translate. However, $10/hour would be a nice income. Here in my country earning $10/day is a big income already so $1/hour is a good amount for a side income.
Well I guess there are some translator experts are trying to offer that amount base on their portfolio. Because as the time is getting longer and you are having a lot of experiences that is going to make your value higher as a freelancer. And I guess that is going to be fine if you are really a good worker for translations.
I guess there are competitive translators that are going to accept even lesser than $10/hr because the competition is already tough for that job.
And even though they are going to be professional translator if I am the one who are looking for translators I will simply choose those who are affordable to my budget.
It's not about the price offered, but a brand that will sell them in the future. For now I better see the company or someone more concerned with price than brand them p. Because the brand in the future will be able to deliver bigger results than we are only looking for profit