I personally think $5 is too low unless its your first few jobs to get some recognition. $10 per 500 words is the minimum after that. These $2 per article buyers think they're doing you a favour giving you the work...forget that. Then they wonder why people hand them rewritten PLR. What do they expect for $2?
Many people look at sites like elance and see a few people working for $2 per 500 words and think "Everyone is like this"...but they aren't...only some are.
As for Adsense, a friend on mine makes a massive online income and he can hardly make any money from adsense. Sure, he might get 500 clicks a day at $0.03...but thats $15 a day. Whats the point? I never looked at it because I trust him to know what hes talking about.
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