New RN Grad's First Job - $23/hr. Is this a rip off?

So after 3 months, 50+ applications to hospitals, doc offices, agencies, nursing homes.... I finally got my first job as a Registered Nurse at a nursing home and rehabilitation center in Chicago. The pay is $23 per hour with benefits or $25 per hour without benefits. I have heard from other people that the starting salary for RNs in Chicago is usually $25-27 per hour. I was so desperate to get a job so I accepted the offer but of course, I asked the DON why it's so low compared to other places. She tells me that I am new with no experience. OK, I just graduated so fine, I understand.
I started the job 3 days ago. I am appalled to see how they practice nursing!! I know that clinical theory is very different from actual practice but my gosh (!!) I see so many things screaming lawsuits and citations. Also,
I come in at 7am and I am on my feet (NO KIDDING!!) non-stop until 1230pm. At 1pm, I'm back on my feet until 3. Basically, I give, give, give medications. They don't even take vitals. They told me that if they stop and take them, they'd be there all day and they don't pay overtime.
For the past 3 days, on my way home, I feel so dejected and depressed. As soon as I get home, I put my feet up and nurse my achy feet. As much as I would love to keep on applying for hospital jobs, I have no energy left in me to do so. It's only been 3 days---- and I'm already complaining. WOW. It's soooo not like me.
Anyway, I just wanted to vent. And I guess, I'd like to ask around... is $23 per hour for RN job too low? I know there's recession and all and I'm so desperate for a job. I am beginning to think that it's not even worth it. Before nursing school, I made the same amount per hour and I was sitting. Am I giving up so quickly?