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
.
Submitted by damiloladotsarumi on

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