My situation isn't really similar, but I kind of feel your pain. I'm a mechanical engineer (24 yrs old) ,(graduated college in december 2009 with a BS in mech. engr. ) , finally got my first engineering job (as an intern) in september 2010 making 15 dollars an hour. When they finally put me on salary in early 2011 (after telling me once they were going to do it a few months earlier, then finding out that my boss's boss, the owner of the company, didn't think they should... what a confidence booster that was... )
So currently i'm the only person with the title "Mechanical Engineer" at our company (we only have maybe 25 employees) my boss is one too, but his title is VP of operations,
I went into my yearly review with hopes of negotiating a salary (somewhere in the 50-60k range is average for starting mechanical engineers) , but instead, my boss tells me "You're making about 31[k per year] right now , so we'll bump you up to 33."
and that was the end of it.
(so, just for comparisons's sake, that's approximately 2750 a month before taxes , take-home pay being almost exactly 2000 after all is said and done) benefits include a 401k plan (my company doesn't have the money to match controbutions) , high deductable health insurance (3000 dollars I think?) , health spending account, and one week paid vacation per year (more after working there for like 5 yrs I think)
Our company designs/builds/sells outdoor products (outdoorrooms.com is the web address if you want to see specifically what i'm talking about) like fire pits, fireplaces, custom bbq grill islands, currently we're working on some new stuff involving gel fuel for indoor/outdoor portable fireplaces and tabletop units. Nothing super high tech, although we do have some unique products and patented technology.
Currently I do a lot of CAD drawings for new and existing products, I do google sketchup renders of grill islands for potential customers, create framing drawings to be used in a steel "roll former" machine (similar to those machines that make custom length gutters , except that this one does steel studs for building structures) , I write-up instruction manuals for new products and re-write crappy chinese ones from products we've outsourced to China, If I have time, I brainstorm ideas for new products and modifications to existing designs, as well as help out around the office with my computer knowledge (doesn't take much to know more than everyone in your office when you're the youngest person working there by a few years) , etc...
the hours I work are generally 40 a week, although its kind of expected that if they need more from me, I'll do it (sucks not getting overtime anymore...)
I'm currently living with my parents still (I know, lame...) so I can't really complain as far as money goes, but I'm moving out within the next few months and am not quite sure what that'll mean for my financial situation considering I already pay about just over 400 dollars a month to my student loans, among a few other bills I now have, such as car payments , insurance, cell phone, (and a few other bills that if it came down to it, I could probably cut out all together if need be)
I feel like maybe its greedy of me to want more than what I'm making, considering some people would be happy to be making as much, but it just sucks when you're making less than a lot of people who skipped college and just went into a trade such as heating and AC installation, construction, etc. Those people didn't end up 50 grand in debt, 4.5 yrs behind in making a steady income, and can now afford to live better than myself.
i feel like i'm starting to ramble here... this has been something that's been frustrating me for a long time, but the work keeps me busy and I do enjoy the people I work with , and , for the most part, the work I do there.
as everyone says though , (this is directed at you, OP)
if you don't like what you're doing , find something you do, becuase you spend too much of your life working to not enjoy it, considering , (depending on your religion I guess) you only get one chance to enjoy your life.
having said that, I realize how tough it is to just switch jobs in this economy considering a lot of companies are STILL laying people off and not a lot of new jobs are being created in any field (except maybe suicide prevention, but that might be a volunteer job...lol)
for a comparison though, I have an acquaintance from college who graduated a year after me, got offered a job straight out of college with goodrich (sensors and systems) as an electrical engineer starting at 68k per year.