As an employee psychiatrist, I will see 9 to 12 patients per day, with 12 the upper limit, and accept no less than $200,000 yearly salary if its 9 patients a day straight out of residency. No more than 2 admits a day, the others are follow ups. This would be at a typical county hospital. If anybody is willing to work more than that for less money, I think they are getting ripped off. As a psychiatrist you have value, leverage from your skills to get paid, and relative rarity as a professional. Don't forget that. As long as you are geographically flexible you can do very well.
You might decide to give an employer a deal if you really like the location and other opportunities, like time to teach or do research, etc if you want.
If you want to do private practice you can make a lot more money with more work. You may also work as an independent contractor for a hospital, and make more or less doing that.