Your Wages Could Be Slashed by 30% Starting Juneteenth: A New Law Takes Effect—Here’s How It Hits Your Wallet
Starting this Juneteenth, a little-noticed new labor rule will allow employers to reclassify millions of workers, potentially cutting your overtime pay and benefits by up to 30%. If you work in retail, hospitality, or delivery, check your next paycheck. The new classification means you might lose health insurance subsidies and paid leave, while your boss saves money—on your dime. Consumer advocates are calling it a "sneaky pay cut" disguised as a holiday.