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 government should not allow salaries above a certain level. Discuss both views and give your opinion

Discrepancies have been known to be prominent in many countries as there is often a wide margin in the social sect often referred to as elites and masses

as a result

of the huge gap in salaries received by the population. Some are of the opinion that the elites who receive extremely huge salaries should remain a small amount of the population

where as

on the other hand

whereas

, others are on the opposing side. Small salaries often come

as a result

of

stated

Suggestion

state

minimum wage in a state or a country. Many a times, the masses receive small salaries because the government may utilize

this

method to regulate cash flow and prevent incidences of cash overload in a

nation

.

Also

, they believe

this

helps to balance the economy and prevent squandering among the people. In my opinion,

this

often lead

Suggestion

often leads

to economic stagnancy which is very poor for a country’s

development

Suggestion

developers

developer

. High salaries

on the other hand

help to boost the economy of a

nation

. It promotes circulation of quality goods and services as well as improvement of the lifestyle of the citizens.

Also

, people are able to afford quality education and health services if they earn sufficient income.

In addition

, if the wide margin between salaries of elites and masses is reduced, individuals are encouraged to bring up innovative ideas that will develop the

nation

and in turn bring in more funds for themselves and the government.

Also

, if the government is able to invest in certain intellectual individuals,

this

will enhance technological advancements and skyrocket the economy and image of the country.

Finally

, the advantages of high salaries and breaching the gap between elites and masses outweighs the disadvantages.

Therefore

, minimum wage in a country should be increased and salaries should be allowed above minimum level so as to foster the development of the

nation

.