[jsoffer]

Sometimes there is not a lot of money, the project is on a bad phase and the little you're being paid is somehow a good pay because you know for a fact things are getting better and everything else feels fine, as you say "happy with the team and with the work".

Other times it's not as easy. Even if the low pay is because of a lack of money, if management keeps hiring cheap, and then you're surrounded by undergrads that have no sense of responsability, then the ship is clearly sinking, there will be no money in the future and your coworkers make your work less by not caring and leaving things half done. In that case, run away as fast as possible. Maybe you're not being intentionally disrespected, but any sense of respect for you, your talent and your work has faded away.