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People not Principle
It really depends on the person. If you believe you can trust the boss, then they probably just weren't paying attention to your work or you weren't complaining. When they first hear of issues is when you take a new job so they give you a counter-offer. That is different from the boss who knows he's shafting you and only counters in order to hold you while he hires a replacement. They both exist and determining who you are working for is one of the primary tasks involved in this issue.