Grace Bonney of Design*Sponge recently wrote a great piece on the value of handmade work. She articulated precisely why handmade items cost more, and why they should. It’s an important read for anyone trying to accurately price their work.
Side story: Grace and I both worked for the same tiny magazine as our first jobs out of college (our boss was the one who introduced me to Design*Sponge back when Grace had just started it). When I had the pleasure of meeting her a few months ago at her book signing, we briefly chatted about this, and it was like my design life had come full circle :)