Economy & Globalization
Fast food chains help the economy greatly not
just in the United States but everywhere those fast food restaurants are
present. Even though fast food is cheap it makes a lot of business, and employs
a massive amount of workers. In 2008 alone fast food companies hired two
million workers just in the United States. Also the fast food industries hire
millions of workers world wide. In an economy like ours that has an above
average unemployment rate of 8% we need all the work we can get. In April
of 2011 McDonald's alone hired 62,000 workers which was a huge boost to the work
field and our economy. Roughly 12%
of all American workers have worked at McDonald's at one point in their lives. With
all the money we spend on fast food restaurants, over $110 billion in a year, they
recycle it back into the American economy by paying all their workers and paying
American companies for things like advertisement, and waste disposal. They also
pay thousands of American farmers to provide all the natural resources they need
to run such enormous food franchises. McDonald’s alone is the nation's largest purchaser of beef,
pork, and potatoes, and second-largest purchaser of chicken. They also spend money
hosting contest and events with smaller businesses, through activities like McDonald’s
monopoly, which in effect pushes the smaller companies to want to expand. In global aspects,
fast food restaurants are in almost every country in the world since they have
become so popular. These fast food restaurants are American owned, so their
success internationally still helps out our economy. McDonald's alone has over
32,000 restaurants in 126 countries on 6 continents. In order to appeal to
other countries where they are located, most fast food chains add particular
items to their menus. For example in India the McDonald’s menu is beef free, since
the cow is held as a sacred animal. This enables them to sell more in these particular
countries, and have more money to spend in our economy. The fast food industry
is a big factor in the American economy, so when they flourish our economy has
a better chance of improving.
- http://www.cbsnews.com/2100-204_162-326858.html
- http://www.foodandwine.com/slideshows/worlds-largest-fast-food-chains/2
- http://data.bls.gov/timeseries/LNS14000000
- Kenner, Robert, Richard Pearce, Eric Schlosser, Melissa
Robledo, William Pohlad, Jeff Skoll, Robin Schorr, Diane Weyermann, Elise
Pearlstein, Kim Roberts, Michael Pollan, Gary Hirshberg, Joel Salatin, and Mark
Adler. Food, Inc. Los Angeles, CA:
Magnolia Home Entertainment, 2009.
Fast food chains help the economy greatly not
just in the United States but everywhere those fast food restaurants are
present. Even though fast food is cheap it makes a lot of business, and employs
a massive amount of workers. In 2008 alone fast food companies hired two
million workers just in the United States. Also the fast food industries hire
millions of workers world wide. In an economy like ours that has an above
average unemployment rate of 8% we need all the work we can get. In April
of 2011 McDonald's alone hired 62,000 workers which was a huge boost to the work
field and our economy. Roughly 12%
of all American workers have worked at McDonald's at one point in their lives. With
all the money we spend on fast food restaurants, over $110 billion in a year, they
recycle it back into the American economy by paying all their workers and paying
American companies for things like advertisement, and waste disposal. They also
pay thousands of American farmers to provide all the natural resources they need
to run such enormous food franchises. McDonald’s alone is the nation's largest purchaser of beef,
pork, and potatoes, and second-largest purchaser of chicken. They also spend money
hosting contest and events with smaller businesses, through activities like McDonald’s
monopoly, which in effect pushes the smaller companies to want to expand. In global aspects,
fast food restaurants are in almost every country in the world since they have
become so popular. These fast food restaurants are American owned, so their
success internationally still helps out our economy. McDonald's alone has over
32,000 restaurants in 126 countries on 6 continents. In order to appeal to
other countries where they are located, most fast food chains add particular
items to their menus. For example in India the McDonald’s menu is beef free, since
the cow is held as a sacred animal. This enables them to sell more in these particular
countries, and have more money to spend in our economy. The fast food industry
is a big factor in the American economy, so when they flourish our economy has
a better chance of improving. 
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