Nope. And that mindset is part of the problem. I've turned down pay in that range fairly often. I've also played for less... depends on the gig. But look at how many haven't even mentioned that.
$175 might sound like decent money until you find out that you're being used on a high budget gig.
I had a guy offer me $250 once... for a gig in Atlanta.
BTW the budget for the gig was $9,000. The BL was driving down and back instead of having the band stay at the hotel that was included in the budget. Mo' money for him.
All musicians are not equal either. Everyone does not bring the same talent and maybe more important, work ethic to the table.
I couldn't care less what the other musicians are getting paid. I care about my compensation. This isn't the Partridge Family. I asked for a raise with one of the agency bands I played with, in the process pointing out six or seven strong reasons why I deserved it. The BL agreed and said "but I can't give everyone a raise".
Me: "Cool... I wasn't asking for everyone"
I got the raise.
You don't get $175 by settling for $100. I have come in below what I deem reasonable on a first gig to prove my worth and it usually follows with me getting my rate for future gigs. I was offered a gig with a small jazz group that paid $100. It was well outside the other side of the Beltway AND they wanted to do a rehearsal. I gave them the minimum I'd do that gig for and they found the money.
Last week I booked four gigs. Strangely enough three pay $350, one pays $450. Two hours to three hours, all local. That's what I was initially offered to do the gigs and I could've negotiated on any of them, I was asked if that was acceptable to me. That's business. Getting myself in that position didn't happen overnight. It required work on my part. And if I miss a 9-1:30am $75 hit where I'm waiting another half hour for my pay while the venue does their count, I'll live.
My favorite offer of all time was a call from a friend for a sub gig in Wilmington DE a few years back. It paid $40. I live north of Washington DC. The pay rate was because they were making their band vehicle payment on that gig. I mentioned that I wasn't in the band and declined and he asked me what I usually charged. At the time it was $200 base. He was incredulous and asked how I got that. I laid out the specifics then thanked him for thinking about me.
It's interesting that some of the same folks I've seen gripe about low pay think the $175 person was out of line. A gig is what you make it. You can give it away, I look at that as a missed opportunity.