Published Jun 9, 2021
2 mins read
480 words
This blog has been marked as read.
Read more
Economics
Blogging
Food and Recipes

Impact Of Fast Food On Us Economy

Published Jun 9, 2021
2 mins read
480 words

Hello readers! There has been an immense growth in the fast food industry and speaking about the US economy people are shifting from dinning restaurants to fast food cafes and has also become an alternative to home made food. According to a survey conducted one out of three people in the US visit fast food daily. People are consuming more hamburgers and fries rather than proper lunch. 

Here are some quick facts which clearly shows the growth of fast food industry and it's impact on the US economy

  1. Revenue generated by fast food industry is $570 billion. This amount is bigger than the economic value of some countries.
  2. 4 million people are employed by the fast food industry every year 
  3. McDonald's has become the biggest brand around the world and it's value has exceeded more than 100 million dollars in the year 2020.
  4. According to the survey done by WHO it is said that there is an increase in obesity and other such diseases in the US, because fast food brands have high calorie for example burgers, fries and chicken. 

Apart from the health issues like obesity it is also causing economic issues, now let us learn why is it bad for the economy. Here are a few reasons mentioned let's have a look.

  1. Local businesses are shattered
  2. Destroys local farms and fast food workers
  3. Costs money to the taxpayers

Now let us see how fast food is connected with economy as well as health of the US people. Actually its quite simple ,people consume fast food and then get associated with diseases like diabetes, obesity and so they require medical attention and this has an impact on the productivity,and therefore the economy is affected as a whole.   

Now the question here is why do people opt for fast food in spite of knowing the fact that it's harmful. The primary reason for this is that fast food is very cheap and affordable ,so people usually think why to spend money on big restaurants when you could have a burger at a cheap price. The second main reason for the rise in fast food consumption is that it is available quickly, you get your meal in 20 minutes. Why McDonald's have become popular in this industry is because of the convenience factor. The way they serve food gives you the answer. You don't need any kind of cutlery or dish to eat your meal and that is the most convenient thing every individual desires for. The main reason why fast food industry is able to churn out orders quickly is because everything is machine made and less human efforts are required. Also a survey done by statistic is that 46% of college students opt for fast food because during breaks its the only available meal which they could afford and get quickly.    

#foodies
12
8
k_dairies 6/9/21, 8:46 AM
Good one. Check out mine too..
sumitsing 6/9/21, 9:42 AM
1
Very nice blog πŸ‘well written πŸ‘πŸ‘ I Am A " LEVEL 1, SEEKER" .
1
amitsingh 6/9/21, 5:55 PM
Nice blog 😊😊
40.vedika.patankar 6/10/21, 9:56 AM
very knowledgeable
vatsal.shah 6/10/21, 9:58 AM
Well written
aayush.soni 6/10/21, 10:26 AM
Amazing Niharika! Check mine
tkratika 6/11/21, 9:55 AM
Valid points raisedπŸ‘πŸ‘
harishs 1/24/24, 5:02 PM
Informative interesting

Candlemonk | Earn By Blogging | The Bloggers Social Network | Gamified Blogging Platform

Candlemonk is a reward-driven, gamified writing and blogging platform. Blog your ideas, thoughts, knowledge and stories. Candlemonk takes your words to a bigger audience around the globe, builds a follower base for you and aids in getting the recognition and appreciation you deserve. Monetize your words and earn from your passion to write.