I'm Lovin' It!

by Don Boudreaux on December 27, 2007

in Food and Drink, Seen and Unseen, Standard of Living

George Will celebrates a great American institution: McDonald’s.  Here’s a key paragraph:

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.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: