Effects of Fast Food on American Economy
Effects of Fast Food on the American Economy
How does fast food affect America’s economy? Does fast food affects Americans economy in the bad way or good way? Some people say that fast foods are ruining Americans economy. They want to reduce effects of the fast food industry in America. However, the advocates do not agree because they think that fast foods are giving a major boost to the economy. They give out a few examples about the advantage of fast food to the economy such as proving jobs or helping America’s agriculture by purchasing agriculture products. In my point of view, the fast foods are affecting American economy negatively, which can be seen through the average wages of Americans, the cost of medical care for fast food consumers and America’s agriculture.
Americans have been suffering the negative of the economy since the economic crisis in 2008. Following the unstable economy is the sequence of negative consequences. The lower and middle class are the people who are impacted the most since they have to experience food and gas price hikes. Many of them are losing their jobs and struggling to find a new one. As a result, consumers have to cut spending, manage their budget and “cheap meals like Big Macs and Whoppers become even more attractive” (“Good and Hungry”). People go and buy more fast food for their breakfast, their lunch and even their dinner. By selling cheap meals for people fast food companies as Mac Donald or Burger King are making billions of dollars in profits every year. These companies are helping the economy by creating more jobs for Americans; however, they are paying their employees low wages, which could reduce the minimum wages in the America. “Low wages are holding back Economic growth.” (Ruetschlin, Traub). Low paid workers tend to put money in their pockets and buy less foods or clothes than before for their families. Reduction in the consumers spending will lead to reduction in the demand for goods and services,
How does fast food affect America’s economy? Does fast food affects Americans economy in the bad way or good way? Some people say that fast foods are ruining Americans economy. They want to reduce effects of the fast food industry in America. However, the advocates do not agree because they think that fast foods are giving a major boost to the economy. They give out a few examples about the advantage of fast food to the economy such as proving jobs or helping America’s agriculture by purchasing agriculture products. In my point of view, the fast foods are affecting American economy negatively, which can be seen through the average wages of Americans, the cost of medical care for fast food consumers and America’s agriculture.
Americans have been suffering the negative of the economy since the economic crisis in 2008. Following the unstable economy is the sequence of negative consequences. The lower and middle class are the people who are impacted the most since they have to experience food and gas price hikes. Many of them are losing their jobs and struggling to find a new one. As a result, consumers have to cut spending, manage their budget and “cheap meals like Big Macs and Whoppers become even more attractive” (“Good and Hungry”). People go and buy more fast food for their breakfast, their lunch and even their dinner. By selling cheap meals for people fast food companies as Mac Donald or Burger King are making billions of dollars in profits every year. These companies are helping the economy by creating more jobs for Americans; however, they are paying their employees low wages, which could reduce the minimum wages in the America. “Low wages are holding back Economic growth.” (Ruetschlin, Traub). Low paid workers tend to put money in their pockets and buy less foods or clothes than before for their families. Reduction in the consumers spending will lead to reduction in the demand for goods and services,
Cited: Simons, Jake Wallis. "Why Does a Gap between Rich and Poor Matter?" News Why Does a Gap between Rich and Poor Matter Comments. The Telegraph, 18 Apr. 2013. Web. 10 Dec. 2013. Colliver, Victoria. "Chronic Illness Costs the Economy More than $1 Trillion a Year."SFGate. SFGate, 2 Oct. 2007. Web. 10 Dec. 2013.< http://www.sfgate.com/business/article/Chronic-illness-costs-the-economy-more-than-1-2520294.php> Ruetschlin, Catherine, and Amy Traub. "Ten Reasons Why Fast Food Workers Deserve A Raise." An Equal Say And An Equal Chance For All. Demos, 28 Aug. 2013. Web. 10 Dec. 2013.< http://www.demos.org/publication/ten-reasons-why-fast-food-workers-deserve-raise> "Fast Food Nutrition: Junk Food 's Effect On Your Body." / Nutrition / Healthy Eating. FITDAY, n.d. Web. 07 Dec. 2013.< http://www.fitday.com/fitness-articles/nutrition/healthy-eating/fast-food-nutrition-junk-foods-effect-on-your-body.html> "Good and Hungry." Economist.com. The Economist, 17 June 2010. Web. 10 Dec. 2013.