McDonald’s Datapoint of the Day



McDonald’s exemplifies the role of small businesses in

Americans’ upward mobility. The company is largely a confederation of

small businesses: 85 percent of its U.S. restaurants — average annual

sales, $2.2 million — are owned by franchisees. McDonald’s has made

more millionaires, and especially black and Hispanic millionaires, than

any other economic entity ever, anywhere.

Next time you hear a politician was poetic about “small

business owners”, it might just be worth remembering that the exemplar

of a small business is a McDonald’s franchise.

(Via Boudreaux,

via caveatBettor)

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