I started reporting since that day. Here are my stats to date: 438 posts with 99% accuracy (215 good, 3 bad, 220 unhandled)
The large number of unhandled reports isn't promising indeed. I have the same number of unhandled reports, but 15 times more good reports.
We reported maybe 300 posts since, still, almost nothing has been moderated.
Mods are not really paid, they aren't staff they are volunteers
It's a volunteer position, but not entirely unpaid. This is the best indication I've seen, for the Politics & Society section:
Whoever moderates that section will get a max payment of around $500 so nobody is going to be getting a 'full time salary' whoever gets it.