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Mcdonalds Datapoint Of The Day

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by Felix Salmon
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Dec 27 2007 12:00am EDT

McDonald's Datapoint of the Day

George Will:

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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