Problem is probably cost of living
Honestly part of the problem is probably cost of living based, depending on how abysmal those abysmal pay packages are. I could tough it out with lower pay for a genuine opportunity to get in at a place like this. But, the prices in silicon valley area and areas like that are so extreme you could be paid what would be a very good pay scale here in the midwest, there you would essentially have a choice of sharing an apartment with a bunch of roomates (and have some discretionary money left over to save up or spend) or rent on your own but barely scrape by. Could be especially difficult if you got through the first year, and the pay scale offered at that point is still low enough for this to be a problem.