Golden handcuffs sometime suck. Given my age, seat, fleet, and seniority, I wouldn't have enough runway to make up the first few years of pay cut before reaching pay parity. Consequently, I have to embrace the suck until I can afford to retire.
But for a younger (and probably better looking) pilot, whether PIC or SIC, if career compensation is a priority, it's just a no-brainer. Think Amityville Horror: GET OUT!
If you are thinking about coming to NJ, you have to be in a very small demographic group to even think this is a good gig. Trust me, even Spirit or Allegiant are better choices at this point for younger pilots with prospects.