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.