Counting the Cost
The haves and the have nots
We examine the Occupy Wall Street movement and ask what has happened to the American middle class.
Last Modified: 22 Oct 2011 11:04

If you believe the protesters on Wall Street, there is a one to 99 per cent split between the 'haves' and the 'have nots'.

The 'Occupy Wall Street' protestors chant is: "We are the 99 per cent", as opposed to the one per cent of society who make the big money while everyone else just gets by.

The average American household still has an income somewhere between $30,000 and $80,000, which really has not improved since the Great Depression.

Yet, today there is a top one per cent of earners with an average salary of $380,000 a year.

The spread between the two is quite alarming. So just what has happened to the middle class in the US?

Also on the show, we talk to the head of SAP, the world's biggest business software company, about creating jobs and the Eurozone crisis. 

Bill McDermott, co-CEO of SAP, tells Counting the Cost how the German company has kept itself out of trouble and what he thinks about the Eurozone's attempts at recovery.

And not only has the McDonald's Big Mac shrunk in Argentina, you will be lucky to even find it on the menu. So what does that tell us about the country's economy?

 
Counting the Cost can be seen each week at the following times GMT: Friday: 2230; Saturday: 0930; Sunday: 0330; Monday: 1630.

Click here for more on Counting the Cost.
Source:
Al Jazeera
Topics in this article
People
Country
Featured on Al Jazeera
Italy struggles to deal with growing flood of migrants willing to risk their lives to reach the nearest European shores.
Israel's Operation Protective Edge is the third major offensive on the Gaza Strip in six years.
Muslims and Arabs in the US say they face discrimination in many areas of life, 13 years after the 9/11 attacks.
At one UN site alone, approximately four children below the age of five are dying each day.
Featured
Amid vote audit and horse-trading, politicians of all hues agree a compromise is needed to avoid political instability.
Part of the joint accord aimed at ending the political impasse establishes an independent National Election Commission.
Rights groups say the US prosecution of terrorism cases targets Muslims and are fraught with abuses.
Local painters forgo experimentation to cater to growing number of foreign buyers.
Cyprus is a tax haven and has long attracted wealthy Russians, but it could become a European energy hub.
join our mailing list