Why Should We Fight For a Livable Minimum Wage?

Even though the focus is off of him these days, during Bernie Sanders's run for presidency, one of the things we heard over and over was, "raise minimum wage, raise minimum wage!" In fact, one of the Vermont Senator's most applauded proposals was raising national minimum wage from its current amount of $7.25/hr to $15/hr. Numerous officials have argued $15 is the bare minimum for an actual livable wage, the current minimum ($15,000 annually) falling well below the nation's poverty standard for a family of four ($23,000 annually). Across the board this election politicians were reticent to support enacting a federal living wage. In fact, a 2013 Gallup poll found that 76% of Americans support raising minimum wage, so why isn't it happening? We wanted to track why minimum wage was such a big deal among Bernie Sanders supporters, the history behind minimum wage, and what an increase could mean for you and the rest of America.

Minimum wage was not enacted in America until 1938 (pretty late when you consider New Zealand first passed a law concerning the matter in 1894 and the U.K. passed one in 1909). It came about as part of the passage of the Fair Labor Standards Act by Franklin D. Roosevelt, who, in bringing America out of The Great Depression, passed a host of bills that today's Republicans would probably deem "socialist." It may surprise you to read that, when adjusted for inflation, the 1968 minimum wage worker made around 10.75 an hour—much more than today's minimum wage worker.

Below is a tracking of each minimum wage increase in America (courtesy of Time.com):

October 1938 (FDR): $0.25/hr ($4.15/hr in 2014 dollars)

October 1939 (FDR): $0.30/hr ($5.05/hr)

October 1945 (Truman): $0.40/hr ($5.20/hr)

January 1950 (Truman): $0.75/hr ($7.29/hr)

March 1956 (Eisenhower): $1/hr ($8.61/hr)

September 1961 (Kennedy): $1.16/hr ($8.97/hr)

September 1963 (Kennedy): $1.25/hr ($9.56/hr)

February 1967 (Johnson): $1.40/hr ($9.80/hr)

February 1968 (Johnson): $1.60/hr ($10.75/hr)

May 1974 (Nixon): $2/hr ($9.49/hr)

January 1975 (Ford): $2.10/hr ($9.13/hr)

January 1976 (Ford): $2.30/hr ($9.47/hr)

January 1978 (Carter): $2.65 ($9.51/hr)

January 1979 (Carter): $2.90/hr ($9.34/hr)

January 1980 (Carter): $3.10/hr ($8.80/hr)

January 1981 (Carter): $3.35/hr ($8.62/hr)

April 1990 (Bush): $3.80/hr ($6.82/hr)

April 1991 (Bush): $4.25/hr ($7.30/hr)

October 1996 (Clinton): $4.75/hr ($7.08/hr)

September 1997 (Clinton): $5.15/hr ($7.51/hr)

July 2007 (GW Bush): $5.85/hr ($6.61/hr)

July 2008 (GW Bush): $6.55/hr ($7.12/hr)

July 2009 (Obama): $7.25/hr ($7.80/hr)

As far as developed countries go, the U.S. is tied with Japan for lowest minimum wage compared to average worker's wage. For example, Australia's minimum is $17.29 an hour, while France's is $12.25.

While largely ignored by Washington's politicians, there haves been advances on the local level regarding minimum wage. L.A. pledged to gradually increase its minimum wage twice over the next few years, reaching $15 by 2020. Seattle will reach $15 in 2017. While San Francisco currently employs the highest minimum wage in the nation, at $13/hr.

Hillary Clinton has publicly come out in support of a federal $12 minimum wage, and $15 one where it makes "economic sense. She clarified this position on her website:


It's clear that the federal minimum wage is not at all in parallel with the finances it takes to live and work in America, proven by over 20 states having higher minimum wages than the federal level. It's argued that an increase would be too much of a strain on big business, the fast food industry being the biggest employer of minimum wage workers, but a study said an increase to $15 would only increase the price of Big Mac by 17 cents.

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Truebill Is The App Everyone Needs, I Use It Everyday To Track All My Finances

I thought I had a pretty good handle on my finances out of school. I worked several jobs while attending university and had little to no problem managing my income. However, once I graduated, I realized how much more complicated personal accounting could really be.

There were so many variables I needed to keep track of. Biweekly bills, monthly charges, and general necessities amounted to a heap of confusing numbers that were often impossible to decipher. The funniest part was that I was actually trying to do this by hand (I don't know what I was trying to prove to myself, either).

After messing up for the 17th time, I decided to give Microsoft Excel a shot. I used Excel a bit in school and I knew all the big-wig finance people used it, so what could I possibly have to lose? The answer is about six hours of my precious time. Excel isn't much of an improvement over handwriting and it's still dependent on the user to manually input all of the information. It's like doing everything by hand with the slightest help, meaning that it still required a tremendous amount of time and concentration. Well that was all for nothing, I guess.

It's sort of funny. I was certain that I could manage my personal finances with ease, when it's practically a full-time job. I was already stressed out enough with my first job and I knew I didn't have enough time to give my finances the attention it deserved.

That's why I decided to try out a budgeting app. My best friend told me that he uses an app called Truebill to manage his finances. "What does it even mean to manage your finances?" I asked him. He told me that Truebill was the personal financial assistant I wished I could have. It could aggregate all of my account information into one place and give me specific insights and actions.

I loved the idea of having full control over my finances, especially during a time of financial uncertainty, and I realized that Truebill would be the easiest way to accomplish this. The user interface is incredibly simple and intuitive, so it doesn't even feel like a finance app! Truebill offers a multitude of features, with their most popular being the ability to cancel subscriptions with the press of a button.

Okay, I had no idea how many subscriptions I was still subscribed to. In fact, I wasn't even using a quarter of the subscription services I was signed up for. Subscription boxes, streaming services, my old gym, and even an old subscription to my favorite magazine--it was all there and I was livid. How could I let myself waste all of this money and how did I never catch this? Thank goodness for Truebill.

Truebill also offers bill negotiations. There is a 40% fee based on how much you save and Truebill even claims that there is an 85% chance that they'll be able to lower your bill once a negotiation is requested. Why wouldn't I take them up on this? There was zero risk and I would only have to pay once my bill was lowered (which means that I would be saving money regardless).

More standard features of Truebill include the ability to generate a credit report on-demand and even request a pay advance. I only used the pay advance feature once when I wanted to buy a gift for my mom, but didn't have enough cash in hand and Truebill automatically reimbursed itself when I got my next paycheck.

The credit report is another fantastic feature and practically taught me what good credit meant. Truebill's credit report basically shows you which financial decisions have the most significant impact on your credit score and ways that you can improve your credit month-over-month. I've never had such control over my credit and it feels good.

I'll be the first to admit that I was extremely naive coming out of school. I figured that as long as I was attentive, I could manage my finances with ease. We manage money to some extent throughout our entire lives, but once you're thrown out on your own, it's a completely different story. With Truebill, I've finally been able to take control over my finances and stay on top of all of my responsibilities.

Update: Our friends at Truebill are extending a special offer to our readers! Follow this link to sign-up for Truebill.

5 Reasons You Need FanDuel TVG If You Want To Get In On All The Horse Racing Action

My buddies and I always try to make it out to a game, but we never really care which one we end up at. Obviously we have our favorite sports and teams, but it was rarely about what game we went to or who we saw playing. It was about watching the game live.

In the early months of lockdown, all we had was Korean baseball, and trust me, we loved it. The only issue was, none of us had any idea what the commentators were saying. Even then, a few of my friends weren't huge fans of baseball. They were into sports like football and basketball, ones that moved at a quicker pace with less down-time in between plays.

We decided to see if there were any other events going down and came across horse racing. Yes, horse racing. It was perfect--short, fast-paced, and most importantly, an opportunity for betting.

I had never really considered watching a horse race any time other than the Belmont Stakes, but the prospects of the sport seemed exhilarating. Even better, with horse racing we knew we could still recreate the atmosphere of a race track. Salty snacks? Check. Stale beer? Check. A simple and easy way to bet? Check.

One quick Google search later, we came across TVG, powered by FanDuel. It's an online betting platform that takes you right to the heart of the action. We were a little apprehensive about using a mobile app to place our bets, but TVG's ability to bet on live horse races from all over the world was too good to pass up.

Here are 5 reasons why we are obsessed with horse racing thanks to TVG:

1. Betting has never been easier

Use your phone or computer to watch and bet on live horse races in real-time. TVG offers a bunch of features to make betting even simpler--live odds and handicapping tips leverage recent learnings to help you make your best bet. Not to mention, TVG's exclusive race content and wagering guide offers an under-the-hood look into the strategy behind horse race betting.

2. The biggest selection of horse races out there

If you're looking to drop a little dough on a horse race, chances are your best option is your local race track. But watching the same few horses races over and over again isn't the most exciting thing. With TVG you have access to over 150 tracks worldwide with races happening consistently throughout the day.

3. Get a generous sign-up offer when you place your first bet

Once you register your account, you will be eligible for a $200 risk-free bet. All you have to do is place your first bet and you're covered. If you happen to lose, TVG will insure you for up to $200 as a sort of wagering credit. I may have been a little trigger happy when placing my first bet, so having this insurance was a great perk. There are also a bunch of promotional offers available year-round.

4. Making deposits and cashing out at the touch of button

With a ton of payment options such as PayPal, BetCash, debit/credit, wire transfers, and other third-party services, making a deposit is a breeze. But what about the payout? Depending on your deposit method, your withdrawal will be available in a few days. No more waiting in-line to collect your winnings!

5. Watching live races with your friends while betting is exhilarating

Even when we were watching Korean baseball, Zoom calls with my friends were a little dull.

With TVG, we haven't had this sort of fun in months! Every weekend we'll turn on a race and throw our bets in. After a few races, and quite a few drinks, we'll tally up our winnings to see who won the most! Sometimes it's not even about making money, but just having a good time.

TVG is the perfect way to add a little excitement to an otherwise mundane afternoon. It introduced me to the world of horse racing, a sport I never would have considered otherwise.

The races just keep ramping up and thanks to TVG, I can always get in on the fun.

UPDATE: The biggest derby in horse racing is THIS WEEKEND. Get in on the action with your $200 risk-free bet!

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