10.5 years of teaching and my last net take home check was the same as my first paycheck. The only person on campus that gets paid the average national wage is the president and a couple of his "Deans" The staff and faculty are paid roughly 65% of the national average. They justify this to our small class sizes. The campus's largest classroom only seats 95 students. Instructors are often teaching 3 or 4 subjects at a time (professors must teach 12 credits/semester). If you can't fill a class you have to teach more subjects.
Regardless of the pay, I loved my job most of the time. I taught well and received good reviews from students. I had a lab, lots of chemicals, and some modern glassware, What more do you need to have fun?
I loved teaching, The quality of the students varied from excellent to so ignorant they needed 7 grade math and basic science. I taught and weeded the good from the hopeless. I taught 8+ lab sections,a minimum of three subjects, every semester. I taught a chemistry for non-majors Lecture and lab for four years, three times a year. One semester when we didn't have a full faculty I taught 15 credits.
As a new university president started changing policies and was starting to run the university bankrupt, I left so my wife could teach middle school across the state. She was paid more than I was as a first year teacher.
You get what you pay for.