Now your professional translator is taking home $37.5K US, before taxes, before health insurance, and before retirement plans.
Translators are by no means raking in big dough. Well, some of us do OK - I translate a hell of a lot more than 2000 words a day - but your average translator is by no means overpriced, in terms of how much effort actually goes into working with two languages in your head at once and not being a complete nincompoop with whatever subject domain is involved in the job in question. (Of course, I'm speaking as a technical translator, where domain knowledge or the ability to fake it is a significant asset. YMMV for general topics.)
This is a tremendously great hack and food for thought, but there is no way I'd trust a business model to it as it stands.