Blog #4: Food Waste

Last Friday, my friends and I decided to get together and relax downtown rather than head to a Halloween-themed party as we thought that was a better idea as we were dead tired from the two midterms and major assignment we had to endure just the week prior. For dinner, we decided to eat at a fast-food restaurant we never tried before. When we walked through the door to the establishment filled with decorations resembling the 1960s, we immediately noticed a man throwing out almost an entire hamburger into the rubbish bin rather than taking it home as leftovers. This left me pondering about the vast amounts of food our society wastes on a daily basis.

 

Upon further investigation, I discovered that Canadians waste an estimated 40% of their food each year with households taking up just under half of the amount wasted while corporations are responsible for presumably the other chunk. This is a major issue to consider as not only is it unethical to simply disregard food while some parts of the world are starving, it creates losses well into the billions for both businesses and households alike. Simply speaking, it just doesn’t make sense for businesses to disregard absolutely fine food. Not only does doing so drain away potential revenue, it is, at least in my opinion, appalling to throw waste food while many people across the globe barely has enough to eat. In fact, while Canadians lost $31 billion worth of food last year, approximately 9 million people perished from starvation in the same year, a number greater than the Holocaust (not saying that the Holocaust was not a horrific event of humanity in any way). It simply blows my mind this issue is not as heavily addressed as it should.

 

Furthermore, limiting food wastes can potentially create secondary markets and deduct losses of businesses. As seen with Walmart recently, they have cut their losses from their consumables inventory by 20% since CBC Marketplace exposed the company of throwing away food by the tonnage, a remarkable accomplishment. Additionally, as noted by current shopping habits such as the increase in popularity with thrift stores and decline in purchases of expensive jewelry, society is currently at a stage where superficial concepts such as bruises on fruits and food a few days over the best before date don’t really matter anymore. Thus, it makes no sense for corporations to continue wasting food when they can still generate revenue and benefit society by selling food they’d wasted instead.

 

Word Count: 414

 

Imagery Source:

-http://seedsfoodmarket.ca/theOffice/wp-content/uploads/2016/03/15951717452_1fb8ef310e_o.jpg

Blog #3: Advertisements in a wedding?

 

One’s big day can literally be the biggest day of an individual’s life. That’s why many do not hesitate to spend lavishly and extravagantly on their weddings. However, just like most luxuries in life, not everyone can afford to withdraw six figures on an occasion that lasts for just a day but forever remembered. Just recently a woman from Ontario decided to seek donations and sponsors to foot the bill for her special day.  On top of that, many other Canadians had come forward to CBC stating their intentions to seek out for sponsors to fund their weddings with targeting corporations including Tim Hortons and Enterprise.

Common vocabulary from the individuals interviewed in this article included debt and job-loss with one interviewee stating, “eloping is not an option”. This suggests a greater problem within Canadians, perhaps an unstable economy as plenty were blaming debt and job-losses for their tight financial situations. Additionally, the audacity among the individuals in this article to embark on spending lavishly despite tough times could also be a symbol of poor personal finance within Canadians. This may build on to suggest that Canada may be undergoing serious financial illiteracy among its citizens. Though this is just speculation, the disability to see the dangers of spending beyond one’s means can create detrimental economical issues as seen with the financial crisis in the United States back in 2008 where Americans were purchasing homes well beyond their means with loans they could’ve never possibly repay.

On the other hand, this adaption may create an entirely new market for Canada, commercialization of private events. Though uncommon, this practice is not entirely vague as it has been somewhat done in the past. Recently, Instagram star Melissa Christine Koh’s extravagant wedding filled with Dior cosmetics and fine liquor was exposed as having been heavily sponsored and backed by several companies significantly lowering the total costs of the commemoration. Additionally, it has been revealed recently that a couple in California had fully paid for not only one but two Tesla vehicles by simply renting the motors out using an app named Turo. Therefore, the commercialization of private property and private events may simply be a gap in the market waiting to be filled, lowering the costs of goods and services for the average person which in turn creates growth in the economy.

In conclusion, this article brought up two interesting ideas to assimilate. The growing trend among Canadians to live beyond their means and the growing market of commercialization of private property and events. Though one of these ideas may suggest weakness in Canadian financial literacy, another suggests room for growth for the Canadian economy.

Word Count: 442

 

Imagery Source:

-Marla Jenkins Photography