Ask Lemmy
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This is capitalism, so in that context the boss is right. He doesn't care about you beyond what profit you can make for him personally, and beyond whatever the letter of the law requires him to care about you. You're a replaceable piece of wetware that he will quickly trade out for a better performing piece, if that means less hassle, and/or more profit for him. And, it sounds like he might be on the edge of doing just that.
This is the world we've allowed to be built, and by our acquiescence, live in.