In many countries, a small number of people earn extremely high salaries. Some people believe that this is good for the country, but others think that governments should not allow salaries above a certain level. Discuss both views and give your own opinion.
A small porpotion of people in countries around the world is said to have enourmous salary compare to other normal employees. It is argued that having citizen who earn huge salaries bring benefits to one country, however, others claim that it is needed to have regulations or laws to limit the amount of pay rate among these executives and managers. On the one hand, there are some benefits of offering maximum wage rates to top executives and directors of a corporation. Having brilliant CEO or directors who understands the company's vision and mission plays a crucial role in the development of a company. In order to have these people, it is a must to pay extremely high wage rates to either attract or hold these talent workers. Paying high wage is also a way to maintain the competive advatages of a company over competitors in the market and also to avoid loosing brilliant people into the enemy hands. For example, Alphabet multinational company which ranks in the top ten biggest companies in the world, pays their CEO huge amount of money to keep the company on track. Earning huge money also guarantee that top executive will pay full attention to the development of the company and not wonder about earning their lifes. In details, Tim Cook, who receives annual salaries among the highest in the world, can spend all his time to make Apple the best company in the world. On the other hand, in my opinion, it is very risky for a country to have firms that process a huge gap between the top earners and normal workers. Having limitation on the maximum wage rate can decrease the inequality among employees in one company and by that create a friendly working environments. More money will be invested to the long-term strategies of a corporation such as technology development, marketing strategy enhance and firm sustainability. This will bring many benefits to not only the business firm itself but also to the nation. In conclusion, eleminating the limit of maximum wage rate can outweigh its drawbacks. Loosing top executives to other competitive countries or opposite opponents can result in the destruction of a company and economic depreciation. In my point of view, nation leaders must not setting limitation to avoid any harmful affects to the business firms and economic developments.