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WOW,
This sounds typical of a manager who likes this new guy who "YOU" trained and took under "YOUR" wing to get comfortable with the position and all you do for it.
Seems as if he knows he got you for a steal and knows you will not keep beating yourself up much longer at your current pay rate and thinks you may be leaving soon. So to me it feels as if he is believing that this new guy will be up to par soon with all that "YOU" have trained him to do and you will eventually ask for a raise, to which he will give u some BS explanation as to why now isnt a good time and perhaps next quarter would be better timing.
But here is my point!!!!!!!!!.........He has already planned on this happening and knows you will be putting in your notice of 2 weeks to be leaving the company for better pay and benefits with actual RESPECT!
Now he makes himself look good because again " YOU" trained and turned this new guy into what you were and now he pays this new guy less and looks like the big shot and new guy feels great about it all when in fact its just another never ending cycle of using good, hard working, honest people to save your ass and use people to cover your own incapabilities!!!.
Dont sell yourself short anymore and move on from this place immediately!
The field you are in is always looking for good people with experience. So set the bar high and speak life over your abilities and find a good company that respects their crew and doesnt play favorites and games with others livelyhood!
Its been getting bad in many industrys due to lack of qualified entrants. So make yourself stand out and be "YOU" and not some distorted version of you because believe me brother, that kind of job will suck the life out of you and at the end of the day, none of it is worth your own mental or physical health declining over it. NONE
May God pave your path to financial blessings for you and your family brother and keep your head up!