In many countries, a few people earn very high salaries. Some people think that this is a positive thing for the country. Other people believe that governments should not allow salaries to be over a certain level. Discuss both opinions and give your own opinion.

To a certain extend a
salary
of an individual defines his economic stability, rise in the salaries of individuals will directly lead to the growth of the economy.
However
, it has been a controversial topic and many people are in agreement that the
government
should put a limit on the
remuneration
earned by an individual. In my essay I will discuss both the views before I draw a conclusion. To start with, the higher
remuneration
among people can cause disparities among the individuals. We have seen among the corporate, a number of people on the higher role are being paid extravagant remunerations as compared to the mid and senior level employees.
However
, I do agree to a certain extent that, looking at their role they do deserve a higher perk, but
this
huge difference can
also
lead to de-motivating the lower levels.
In addition
, there are
also
professionals which do not deserve a higher
remuneration
.
For example
, the actors and actresses get a huge amount of
salary
, which in my view is not very deserving. Whereas, the people in the army, nurses, doctors deserve to be paid more due to the services offered by them to the community.
On the other hand
, if the
government
caps a limit on the
remuneration
of the people.
This
would lead on reducing the zeal of people wanting to excel in their professions. If the
remuneration
is limited people, will not work as hard to reach towards their goals.
This
could
also
de-motivate a number of deserving people, who deserve higher perks for their achievements and hard work.
In addition
, if the
salary
is limited, it is
also
difficult to differentiate the roles between people, as all could possibly work at a similar
remuneration
. In conclusion, if the
government
puts a cap on the
remuneration
of an individual he would help in reducing the disparities among people,
however
this
would
also
de-motivate people who deserve to be paid higher. In my view, the
government
should try and balance the
salary
among various professionals and should ensure that a few sets of people should not be paid higher salaries.
Submitted by bhavika31 on

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Topic Vocabulary:
  • incentivize
  • discrepancy
  • inequality
  • social cohesion
  • equitable distribution
  • wealth concentration
  • talent retention
  • global competitiveness
  • social unrest
  • innovate
  • government intervention
  • salary cap
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