That is entry level for people who have no audience, the musicians equivalent of a paid internship and pays better than most entry level jobs with a bar so low, three chords will get you through the door, two if you are good. Beyond the flat rate there is often a tip jar and merchandise sales, a $50 gig can easily bring in a few hundred. And you make connections, get more gigs, develop an audience, make a name, etc. Once you develop a name you get paid better and even start getting a cut of cover and bar sales. The weekly house band gigs are pretty much being paid for band practice.
Unless you are working two full time jobs or the like it is easy money and affordable, broke teens working 30 hours a week washing dishes manage it. You may only make $50-$100 a gig starting out but you make it in an hour or two and as soon as you start drawing a crowd you will start getting better gigs.
Unless you are working two full time jobs or the like it is easy money and affordable, broke teens working 30 hours a week washing dishes manage it. You may only make $50-$100 a gig starting out but you make it in an hour or two and as soon as you start drawing a crowd you will start getting better gigs.