The first question I usually ask in situations such as this is: How much do you have saved up that you can live off of? the game theory will look different if you have a few $$ to lean on vs 0 dollars saved and kids to feed.
Sounds like you need to cut back expenses and start saving more even independent of this job situation.
If you took work at half market rate, what would you do financially? Cut your expenses back to that level for at least 3 months (if not indefinitely), and save like it’s going out of style. That will give you a cushion and the freedom of a few more choices.
I get the feeling that many elements of your story don't add up. How can you work 10-12 hours a day and only have $1000 saved up, especially if you're in a tech-related field? I know kids can be expensive, but they're not that expensive.
In life, unless you can learn to put away a huge pile of cash, people are just going to walk all over you. When you are vulnerable, it sends a signal and they pounce on it. Your boss will stop abusing you the moment he realizes he can't use it to control you anymore.
Save your money. Pick up new skills. Become less dependent on others. Bike instead of driving. Cook all of your own meals. Learn about investing. Get out of debt. Maintain your own vehicles. Plant a garden.
Take literally any step to make yourself more independent and your boss will lose power.
> I get the feeling that many elements of your story don't add up. How can you work 10-12 hours a day and only have $1000 saved up, especially if you're in a tech-related field? I know kids can be expensive, but they're not that expensive.
Welcome to the real world my friend. Most people working in IT earn way less than you think. Way, way less. It's scary outside the bubble.
