Living Wage Guarantee Act.

SB 525, the Living Wage Guarantee Act, would raise North Carolina’s minimum wage to $15 per hour for most employers starting January 1, 2026, directly affecting low-wage workers and businesses statewide. Small businesses (with fewer than 10 employees) would phase in the increase over three years, starting at $12/hour in 2026 and reaching $15/hour by 2028. The bill includes automatic annual wage adjustments tied to the cost-of-living index starting in 2028 to maintain purchasing power. It also establishes a $10 million state fund to support small businesses during the transition and strengthens enforcement by allowing workers to seek back pay and protecting them from retaliation.