I could very probably be wrong, but I think the current contraction of the camera market is also hitting the professionals (I am not) for many of the same reasons. The market got saturated over the years with the advent of digital and flooded with people who would never work in a darkroom, but are willing to do so with the digital equivalents like Photoshop, Lightroom, etc. Then there are those who think smartphone photos are good enough.
There are people around here (DFW Texas) who advertise, on local social media pages, shooting wedding photos for people at $150 and promising loads of photos... digitally. Then the bride and groom can get prints wherever they want. I don't understand how they do it. I don't understand how the time can be worth it, but they do it, and apparently that is good enough for many people. People who advertise senior photos at $30-$40. Head shots at $30-$40. So I think the high end fantastic photographers are probably still finding work. The low end looks, to me, like it is being crushed right now. I have a cousin that does this in Mississippi and she stays real busy, but I just don't see a way that makes it worth the time and effort for the photographer. She only uses the pop-up flash on her Rebel and has EF-s lenses... yet she gets all kinds of work. I saw the same phenomena when I lived in Nevada.
All that just to say that raising prices, for people willing to shoot a wedding for $1,000 - $1,500 (the old low end), find it hard enough to stay in business and have a whole lot of pressure to keep their prices low. The high end photographers, who are really special people, aren't affected as much in my opinion. Their clientele have money and are willing to spend it. The low end? "We can get a washer and dryer or the latest smart phone. Hire the $150 photographer."