‘No-Brainer’ Write for Less Than One Cent a Word

The ad below seems like what editors think but never have the cojones to actually come out and say.
From the never dismissive Craigslist:

No-brainer Articles
Date: 2010-07-19, 8:37AM PDT
Reply to: gigs-ggmsn-1851028884@craigslist.org
Writers needed for simple, strait-forward (sic) SEO articles. Most articles take 15-20 min max to write and can be written with very little to no research. Pay is per project but factors out to approximately $1-$2 per 200-500 word article.
Unlimited amount of work currently available. We understand that the pay is low, but the work itself is very, very simple. Opportunity for growth as a freelancer within the company–prove yourself now for higher paying articles down the road.
* it’s NOT ok to contact this poster with services or other commercial interests
* Compensation: Varies based on length