Harly Ryder's Article

Blog about Black Friday and the economy:

                Black Friday is going to help the government because billions of American peoples’ money is being places directly into the economy. Also the jobs that people working at till early morning hours will pay more which in turn will put more money into the economy. These employees may be getting paid even more than regular hours of the day. All these companies that are receiving the income will possibly make it possible that they can hire more and more employees. This will make the unemployment rate go down which will also help the economy bounce back from the recent down fall and the most recent deficit that the country has been through. The people that are working and spending is what makes the economy grow. This black Friday 9.1 percent of the American people spent an average of four hundred dollars each person spent reaching almost 11.4 billion according to New York Times. 11.4 billion is a huge influence on the economy. But this is only what people spent. There is always the other side which the workers are getting paid an average of 10 dollars an hour. This will also make an impact on the economic condition. These employees are not just cashiers they are police and many other people. CNN predicts that the profit from this holiday season can reach about 44 billion. Looking at these figures 11.4 billion is a huge percent of the total income of the holiday season in one day. All in all black Friday is a huge event that occurs that has a large positive effect on the economy that can potentially jumpstart the economic situation enough to put us on the right path to recovery.

Sources:

CNN) http://money.cnn.com/2011/11/28/news/economy/black_friday_impact/index.htm

New York Times) http://topics.nytimes.com/top/reference/timestopics/subjects/r/retail_stores_and_trade/black_friday/index.html

Herkimer Telegram) http://www.herkimertelegram.com/highlight/x1715259786/Economy-not-expected-to-effect-Black-Friday