Dismal. Why would one even bother?
There will be a line a mile long of guys who will work for that as it beats working a 50hr week doing scenics in a C172 to make 18k for the year!
It beats flying around in a 30yr old PA31 for 40k a year.
And you get to live in a city, not a community.
I know its not good money in terms of other occupations, but when compared to other flying jobs (GA jobs) its good coin and hence there will always be people willing to do it to get out of their current situation. Its going to take a few years until the supply of those people dry up and then the wages will have to change.