[QODLink]
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
The author argues that in the new economy, it's people, not skills or majors, that have lost value.
Colleagues of detained Al Jazeera journalists press demands for their release, 100 days after their arrest in Egypt.
Mehdi Hasan discusses online freedoms and the potential of the web with Wikipedia founder Jimmy Wales.
A tight race seems likely as 814 million voters elect leaders in world's largest democracy next week.
Featured
Since independence, Zimbabwe has faced food shortages, hyperinflation - and several political crises.
After a sit-in protest at Poland's parliament, lawmakers are set to raise government aid to carers of disabled youth.
A vocal minority in Ukraine's east wants to join Russia, and Kiev has so far been unable to put down the separatists.
Iran's government has shifted its take on 'brain drain' but is the change enough to reverse the flow?
Deadly attacks on anti-mining activists in the Philippines part of a global trend, according to new report.
join our mailing list