{"product_id":"9780968328767","title":"Big Macs \u0026 Our Pensions: : Who Gets McDonald's Profits?","description":"Will Profits from Big Macs Add to Your Retirement Income?\u003cp\u003eIn 1948, the McDonald brothers redesigned and remodelled their drive-in restaurant in San Bernardino, California. Taking inspiration from Henry Ford's assembly-line, they created the fast food revolution, with the quick service and low prices we now take for granted.\u003c\/p\u003e\u003cp\u003eIn that same year, the U.S. National Labor Relations Board ruled unions could include pension issues in contract negotiations. That ignited a massive expansion of pension plans.\u003c\/p\u003e\u003cp\u003eIn the 1950s, pension funds started buying stocks, rather than just bonds or their equivalents; in addition mutual funds came of age. With these two developments working, middle class people became owners of big business. At first, their stakes were modest, but steadily growing.\u003c\/p\u003e\u003cp\u003eAnd in just a few decades, they gained controlling interests in many large corporations through their funds. Management guru Peter Drucker has called it, \"...one of the most startling power shifts in economic history.\"\u003c\/p\u003e\u003cp\u003eNow, working people reap the benefits of those investments, collecting much of the profit distributed by McDonald's and other big corporations.\u003c\/p\u003e\u003cp\u003eDiscover how the pieces fit together.\u003cbr\u003eIn Big Macs \u0026amp; Our Pensions: Who Gets McDonald's Profits? you will:\u003c\/p\u003e\u003cp\u003e* learn more about the McDonald's transformation and its implications for the future\u003c\/p\u003e\u003cp\u003e* find out how McDonald's makes its profits (and it involves more than selling Quarter Pounders)\u003c\/p\u003e\u003cp\u003e* meet some of the working people who get McDonald's profits through their pension and mutual funds\u003c\/p\u003e\u003cp\u003e* hear accusations from critics of McDonald's wages, and\u003c\/p\u003e\u003cp\u003e* learn who has the ultimate say on fast food wages (the answer may surprise you).\u003c\/p\u003e\u003cp\u003eYou may not be among the owners of McDonald's. But if you belong to any pension plan, or contribute to a mutual fund or whole life insurance policy, you likely own pieces of some big corporations.\u003c\/p\u003e\u003cp\u003eMost importantly, your retirement income will be bigger and grow more dependably than you would otherwise expect.\u003c\/p\u003e","brand":"Word Engines Press","offers":[{"title":"Default Title","offer_id":49849745309936,"sku":"9780968328767","price":5.99,"currency_code":"USD","in_stock":false}],"url":"https:\/\/shop-qa.barnesandnoble.com\/products\/9780968328767","provider":"Barnes \u0026 Noble (DEV)","version":"1.0","type":"link"}