California's New Minimum Wage, Commercial Coverage Limit Increase, and Wage Agreements

California's new minimum wage is set to increase menu prices in fast food restaurants. The California FAIR Plan has raised commercial coverage limits to $20 million per location. Governor Newsom and Attorney General Bonta have filed a lawsuit against oil and gas companies for alleged deception about fossil fuel risks. Toyota is raising wages for its non-union U.S. factory workers in response to recent labor deals. South Africa's government has allocated $1.3 billion for a wage agreement despite fiscal constraints.