<human>: Summarize the given text in a few sentences.

I'm a liberal arts grad.  It took me awhile to find employment, but I did finally get something.  It's a fledgling small-business and I had sense of this going in.  They took a chance on me, so I figure I owed them the best work I could do, as well as a commitment to see through the tasks they hired me on to complete.

Fast-forward to today -- a full-time job offer was made ... but the compensation is ... well, I'd say I thought they were joking when they made the offer.  I'd be taking a pay cut and would be required to work a lot more.  My boss tells me they are experiencing financial hardships, and would be willing to consider paying more later on down the road ... but we're talking < $15,000 a year, no benefits.

I'd like out of this place, but I don't have a lengthy work history with them (it's my first job in a long time), and I have some pretty serious debts that are coming due soon.  I feel like keeping this job might hinder me from searching for better options, but I'm also not keen on once again being long-term unemployed.

My question is, when should I let them know how I feel?  What will short-term employment at a small-business look like to future potential employers?  Has anyone else been in this situation ... was there any middle-ground to be had?

Thanks.
<bot>: was long-term unemployed, took first job offer with small-business ... pay is low, benefits are nil, management is not good ... looking to jump ship, wondering how and when I should.