IntroductionThe minimum wage was established statewide in 1938 by Franklin Delano Roosevelt; at the time it only cost 25 cents, which is the equivalent of $4 in today's world. It was created as part of the Fair Labor Standards Act which covered youth, government and overtime pay. Massachusetts was actually the first state before Franklin's statewide recognition, and it covered only women and children, with no overtime. There are currently many problems with the minimum wage, such as setting a statewide minimum wage of $10.10, which does not benefit high-cost places like New York. York. This leads to an imbalance in the economies of different states, and the government controlling salary prices poses certain problems. Minimum wage reform took place in the 1960s and 1970s, when the retail agriculture and service sectors were covered by the minimum wage. In doing so, the minimum wage coverage percentage increased from 20 to more than 90 percent in 1975 (Gitis, 2013). This change expanded the number of people eligible for the minimum wage. Income inequality at that time was at an all-time low, making the U.S. economy stronger than it is today. The minimum wage today poses many problems; some say it's not enough to live comfortably. Many agree that we need to raise the minimum wage and that in doing so it can help solve our poverty problems. Statistics show that a full-time worker earning minimum wage earns just $15,080 a year, which is below the federal poverty line for a family of two. (Gitis, 2013) The problem is that $15,080 is not enough money for a person to live and grow. “A family of two may consist of a mother and a son or a daughter, a father and a son or... middle of paper ......g on the evolution of the cost of living to prevent it from becoming a minimum wage. My argument for implementing a policy of taking into account price differences from state to state when setting the minimum wage is that it benefits a wide range of people. Taking state price differences into account when setting the minimum wage can help change our economy and ensure fairness in society in several ways. One solution would be to make the minimum wage more effective and more compatible with the purchasing power of the State. It also takes into account the prices of each state and not just the prices of products from one country. This gives a more in-depth look at what the minimum wage should be for each state. The impact of this policy on the economy and on justice is that it gives each state and its workers a fair chance to earn a living and the ability to afford the products that come into the state..