Read my other posts on this subject and you'll see I share your viewpoint.
As for what $10 is worth in the Phillipines I certainly understand that.  The poolroom economy doesn't mirror the economy at large.  People who gamble on pool aren't thinking of the prevailing wage.
I want to ask what happens if these kids lose?  Say somebody with money is backing them and they lose?  I am not going to go so far as to say that they get beat up for it. But I am going to guess that they don't get a lot of chances to keep playing on other people's money if they don't win. No victory, no payday, and no "job".  And that's my point entirely.
Yeah, I can figure how tough it must be to try to earn a living as player in the Phillipines, especially when the GIs are gone and the odd white suckers are few and the champion caliber players many.
I am not losing to any ten year olds when I go to the Phillipines.  You have to be at least 13 to play me. 
 
When I go I am only going to play rotation anyway. We'll see how much of a spot they will give up in that game.