Increasing world population in major cities of the world have resulted in lifestyle changes coupled with reduced leisure time for most urban dwellers. This is due to the tight working schedules which have little transition time from one to the other hence the growth of the fast food industry. Beijing and New York are a perfect example with one of the largest fast food industry establishments in the world.
New York boasts of 6600 fast food outlets as of 2012 with a workforce amounting to about 4 million workers. The sheer size of the industry has had a large influence on employment in the city especially as more workers still strive to enter the industry. Statistics indicate a rise of 3 percent in private sector employment of which fast food establishments are a driving factor reaching a total increase in employment of 30 percent (Yue et. al, 2015). This employment rate is as a result of the accommodative hourly rate of 8 dollars per hour for a standard worker.
The large population growth experienced in China has produced a more competitive fast food industry in Beijing surpassing the established United States industry. Beijing’s fast food industry is estimated at 121.7 billion as of 2015. This is an estimated rise in valuation of about 9.7 percent from 2014 even as the industry has experienced a constant growth rate of 11 percent (Zhou et. al, 2014). The city totals up to 2.2 million fast food restaurant locations whose growth is consistent with the development of china’s economy. Economists estimate that the fast food industry is expected to contribute up to about 44 percent of the general industrial revenue income for the country (Smith, 2013). Just like the United States, the industry is fast growing. However, unlike in New York, China has a wide market that speeds up its growth faster than in New York due to very large populations in the country.
ReferencesTop of Form
Smith, A. F. (2013). New York City: A food biography.
Yue, Y., & Jun, Z. (2015). A changing China: Day to day life in the new century.
Zhou, Z.-Y., Liu, H., Cao, L., Tian, W.-M., & Wang, J.-M. (2014). Food consumption in China: The revolution continues.
