Oh another thing is although it is a free market and $150 means a lot to some people who needs to feed their family. Think again, if you are accepting jobs like that just to feed your family, then I think you are in the wrong line.
If you want to feed your family, $150 a day would not be enough to last for 3 days.
No matter what it is, all clients are out to exploit young photographers......especially those who are taking it as a hobby. There is perhaps desperate photographers who are willing to take this job for the sake of building their portfolio but without realising that they are selling below market value.
Instead of quoting a higher price or let the client know that $150.00 is too cheap, they take up the job and basically crushing the higher market value of each individual photographer in Singapore.
For hobbyist who wants to take up jobs, by all means quote a higher/reasonable pricing. The professional photographers are not afraid of those hobbyist entering the market and getting jobs. They are more afraid of those inexperience spoiling the market. They (the professionals) too need to feed their family too. If you take up jobs like $150.00 for 8-9 hours, then what's there left?
When you are not in our line, you will not know how important every dollar is to us. Professionals do not get monthly salary. They don't get bonuses.