In: Economics
What is your position on a $15/hour minimum wage in your area (you may need to look it up for your location)? In regards to the fast food industry, what would be the short-term ramifications? How about the long-term effects? Should the minimum wage be nationalized? Explain.
Fast food gets more popular day by day . In spite of the rising concerns about health in the fellowshit , this isolated industry goes higher and higher in widening every year . The enthuasim fuel which is responsile for the growth is the ravenous intimecy that consumer around the world have for fast food . There are many economic factor that have a bearing on this industry and how fast food and the economy relate . One of the vindicnting standards of fast food is that is insanely cheap .
The short-term remifications of fast food include : increased hunger , water retention , craving for high carb foods . Eating a high sugar food first commodity in the morning can make a person perceive hungrier . These types of foods lack the important macronutriens to make someone feel satisfied . Consuming lofty levels of salt is linked to fluid retention . Magnesim has proven to cause significant reducations in the severity of symtoms of water retentions . Because the fast foods are so highly procedured , they are swiftly broken down by the body and rapidly energizing the neward centres of the brain .
The long term effects includes high risk of health conditions , lowered imunity , impaired congnitive function , reduced cardiovascular function . Because processed foods are often low in vitamins , minerals , fibre and antioxidants regularly eating them can be determental to your health . A diet high in saturated fat and simple carbohydrate reduced capacity for memory and learning .
Substantial cost pass through when contextualized by the effect of minimum wage increases on resturant wage bills . Our approximates point toward sizeable cost pass through of least wage increases to consumers prices . These results donate to a assorted literature on the consumer boarder of minimum wage enlarges .