Comment

Don't Blame the 1% for America's Pay Gap

39
Bob Levin4/25/2012 12:13:25 pm PDT

re: #37 Obdicut

I’ve got to run after this.

I remember when there wasn’t a Wal-Mart. There was May Co. I don’t think May Co. exists anymore. Wal-Mart took their customers.

McDonald’s is a different story. There are owners of individual stores, who are upper middle class, to use a broad generalization. And then there is the McDonald’s corporation—who make its money by franchising out stores. How does one get a franchise? One takes out one bigass loan.

And one takes out this loan from—the bank. So, the corporation makes the bulk of its money from banks.

The individual owners of the franchises make their money from the middle class and the poor.