ipl-logo

How My Economic Habits Affect The Economy Of The United States

558 Words3 Pages

The United States of America has a massive economy. Economy is “the system of trade and industry by which the wealth of a country or region is made and used.” “The Gross Domestic Product (GDP) in the United States was worth 17419 billion US dollars in 2014.” Even though the economy is very large, my personal economic habits have an effect on the economy of the United States. I have a great impact on the economy because I eat out almost every day. In 2013, the United States alone spent “$1.4 trillion on food and beverages” of that “31.5 cents [of every dollar] went to pay for services provided by food service establishments.”3 That amounts to 4.41 billion dollars that was spent dining out at restaurants in 2013. Even though I spent only a …show more content…

The employees of the restaurant are not limited to the people who are seen, but also include the people who work at corporate offices. Those employees then spend their money on a variety of goods and services, and part of that money spent is allocated to the employees of the second company as their pay. They in turn spend their money at other companies, and the circle continues on indefinitely. So by my spending money at one restaurant, I have started or more precisely continued a cycle of spending that never stops. This cycle becomes especially impactful on a local level because all the money is being circulated into a small economy. If I eat at a locally owned restaurant with employees from the Franklin County, then the money I spend there will be passed on to people from the restaurant. Since they live in the area, they will spend a portion and most likely a large majority of their money in Franklin County. If this occurs, then the money that I spent is essentially spent over and over again in our local

Show More
Related

Rhetorical Analysis Of Kathleen Kingsbury's 'Service Not Included'

736 Words | 3 Pages

Service Not Included ­ But Arguments Are In “Service not Included: Restaurant industry serves up injustice to workers”, the author, Kathleen Kingsbury uses rhetorical techniques to inform her audience of the hardships faced by restaurant workers at a time when “Time­pressed Americans eat out for at least five meals a week, and the average household spent $2,620 on food away from home…”. The author uses the three different classes of rhetorical arguments to persuade persuades her audience to support securing and increasing the hourly wage of workers in the restaurant industry, and uses her understanding The Boston Globe’s target audience to craft a convincing article.

Read More

Social Norms By Barbara Ehrenreich: Article Analysis

220 Words | 1 Pages

The main argument of this article is to show the reader the stuggle of working at a restaurant owned by a large corporation. When many people go to restaurants, they don't normally think about the servers or think about how dificult their lives really were. All of Barbara Ehrenreich's coworkers made very low income, with the richest one making only $10 an hour, and many of them live in motels and trailers. Not only do they live in horrible conditions, but their managers treat them horribly; they will get yelled at for simply sitting down or eating a snack away from all the customers. I agree with the authors stance; while I have never personally working in the restaurant, oth my mother and brother work in the room service section of a fancy

Read More

Summary Of Eric Schlosser's Fast Food Nation

1331 Words | 6 Pages

Throughout part I of Fast Food Nation, Eric Schlosser writes about the ins and outs of the fast food industry. From the founding fathers to the dirty little secrets that fast food corporations would never want us to know, he reveals it all. As corporations look for every opportunity to cut costs and increase profits, we start to reexamine what type of behavior governs businesses in America. As the days of traditional ‘sit down restaurants’ dominating the market quickly disappeared, large corporations are making use of new machinery and money saving business strategies. The drawback to these business tactics is that the burden lies on another individual.

Read More

Dobransky's Impact On The Economy Today

602 Words | 3 Pages

America’s past and foundation for economics impact our economy today according to Steve Dobransky. There is an apparent reason for how and why the economy in America is struggling today. The national debt our country faces may not actually be debt at all, but rather a result of past economic standards that were set but not revised or changed in the slightest. Dobransky explains how the printing of paper money by the federal government and the decision of 1865 contribute and negatively affect our economy today in America. ​Dobransky first shows how a change of industrialization impacted our nation.

Read More

Raising Alyana Case Study

1013 Words | 5 Pages

The basic building block for a prosperous economy starts with people getting jobs. The more people with jobs, the more successful the economy. Sydney: People with more money can buy more goods and help faster growth, creating more jobs which in turn directly or indirectly impacts hundreds of people. For instance, if a family cancels a trip to Yosemite, then the airline, restaurants, food suppliers, pilots, chefs, and many others are affected.

Read More

Summary Of Escape From The Western Diet

677 Words | 3 Pages

“As a culture, we no longer discuss healthy eating without also discussing unhealthy weights…eating too much-often without any parallel warnings against eating too little…overeating constitutes ‘the greatest threat’ to our survival” (Maxfield 444). The main point in both of these articles that both authors agree with is the fact that people don’t add up all their calories they eat daily, which should be less than or equal to 3500 calories. When you go to a fast food restaurant, usually a normal “healthy” person would get a salad, large drink, and a side item like fries; this normally doesn’t seem like a lot of calories, but then you add the dressing and this healthy lunch turns out becoming an unhealthy 1700 calories already in one meal. Not only is fast food a lot of calories, but it is really cheap too, and most people spend their money on this instead of eating healthy and spending more money. “Americans spend less than 10 percent of their income on food; they also spend less than a half hour a day preparing meals and little more than an hour enjoying them” (Pollan 439).

Read More

How Did The Government Policies Affect The Economy Of The United States

774 Words | 4 Pages

The economy in the United States was very different throughout the regions of the United States between 1800 to 1848. Government policies and laws about slavery, taxes, and transportation greatly affected the economies in the North, the South, and the West in different ways and led to different results. Government policies concerning slavery affected the regions of the United States differently. In the begining January 1808, the previously voted issue of the international slave trade was banned throughout the United States and this agreement altered the South the most because the South had previously been importing slaves from countries in Africa. The ban on the slave trade their South their economy by limiting the amount of slaves

Read More

A Brief Comparison Of Chipotle And Shophouse

517 Words | 3 Pages

ShopHouse needs to be concerned with the sociocultural component of the macro-environment because it includes societal attitudes and lifestyles, such as the trend toward healthier lifestyles occurring especially in American culture. Fast-casual dining options such as ShopHouse often allow customers to make healthier choices and customize their meals more than traditional fast food restaurants, which is popular among those who are seeking a healthier lifestyle. Secondly, economic conditions will affect ShopHouse, because as the economic conditions improve, people have more discretionary income and are willing to eat more meals outside the home. Much like discount retailers, discount fast food chains may benefit from economic downturns resulting in price conscious customers. However, restaurants that consumers view as more expensive are likely to suffer during these times and thrive when consumers have more discretionary income (Thompson et al. 50).

Read More

Changes During Westward Expansion

1449 Words | 6 Pages

The economy is the collection of resources and money. Also all across the world, all countries that trade and use some sort of money. The economy includes tariffs, banking, trusts, railroads and all about the new transportation, and acts that expand the power of the federal government. Some issues with the economy that affected all people were railroad corruption, banking expansion, working conditions, trusts, and most of all, the corruption within the government. The changing economy positively impacted the common people.

Read More

Summary Of Fast Food Nation

669 Words | 3 Pages

The industry also revolutionized the way these companies ran their stores. To cut back on spending, restaurants would encourage “throughput.” Throughput is the speed and volume in which the factory runs by. This labor system overworks and underpays their employees forcing on a system only based on speed that values the “obedience” of their workers. Since the employees are mostly teenagers, elderly, and non-English speaking workers, these food places take advantage of these people’s ability to be manipulated.

Read More

Don T Blame The Eater Analysis

783 Words | 4 Pages

Don’t Blame the Eater: Rebuttal In his article "Don 't Blame the Eater", David Zinczenko discusses that obesity is a grave health issue I the United States of America. He argues that almost all of the kids who eats at fast food joints are more likely to become obese. He then goes on to inform his readers that during his teenage years, he, like many other American kids, was surviving on fast-food due to it accessibility and affordability.

Read More

How To Write A Satire Essay On Abortion

1101 Words | 5 Pages

Abortion: Whose Choice is it? What if I told you that you were going to become the next NFL star or the next astronaut or the next doctor to solve cancer. How would you feel if someone took that right away from you? How would you feel if someone took away your choice to live?

Read More

Ethical Issues In Fast Food

982 Words | 4 Pages

Fast food is considered popular because it 's convenient, it 's cheap, and it tastes good. But the real cost of eating fast food never appears on the menu. Fast food marketers marketing to children and adolescents has skyrocketed throughout the last century. According to The Centers for Disease Control and Prevention, funded by the government, "In the United States, the percentage of children and adolescents affected by obesity has more than tripled since the 1970 's" ("Healthy Schools"). In fact, this statistic is predicted to increase significantly as fast food restaurants are continuously being built everywhere in the U.S. Fast food restaurants are everywhere.

Read More

Healthy Food Is More Expensive Than Unhealthy Food Essay

1029 Words | 5 Pages

As a hole there should be more restaurants that promote healthy food choices. Obesity in the United States is out of proportion and something need to be don , not necessarily at the point of government intersection but this needs to be fix some way somehow. ”public health experts say that an unhealthy diet and the lack of exercise are still the two biggest culprits. ”-Felix gusson.

Read More

Persuasive Essay On Fast Food

1668 Words | 7 Pages

“Fast food restaurants have us hooked on to their tasty food. You See a lot of people buying fast food because how good it tastes. Well let me tell you it is not good for your health. Why do fast food places lower their prices because they know people will buy it if it doesn’t cost that much and most people buy it cause that`s how much they can afford”. Fast food places is a way to not cook every week I feel bad for people when I go to McDonald’s and ask them, do you know what you’re eating in they say

Read More

More about How My Economic Habits Affect The Economy Of The United States

Related Topics

Open Document