Global minimum wage increases announced

Peru and California have both announced significant minimum wage increases under new leadership. Peru's President Keiko Fujimori raised the monthly minimum wage by 15% to 1,300 soles, while California Governor Gavin Newsom announced the state's minimum wage will rise to $17.40 per hour effective January 1, 2027, positioning California as having the highest statewide rate in the U.S.

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