In some countries, a few people earn extremely high salaries. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both sides and express your opinion

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In some countries, there is a huge income disparity among people.
This
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is because some people earn high wages, while others are struggling to make both ends meet.It is believed by some that the government should cap the
remuneration
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, and others think that higher
stipend
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is beneficial for a
country
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.In my opinion, giving high
remuneration
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to people is fruitful for a
country
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because it reduces the brain drain of a
country
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. On the one hand, it is believed by some that high wages are an important attractive to prevent brain drain of a
country
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.If a
country
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does not give high
stipend
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to their professionals, they will migrate to other
country
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for higher
remuneration
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.
For example
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, these days, a significant problem faced by many Asian countries are large number of medical professional and IT experts are moving towards developed countries
such
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as Canada, Australia and America.
Hence
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, higher wage can help to reduce relocation of skilled people towards other countries.
On the other hand
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, others think that the government should ensure equal distribution of wealth among people.It is disheartening for people who get a low
stipend
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while others get extremely high wages without much justification.
For instance
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, the recent survey by Payscale suggest that limitation high
stipend
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would bring more equality.
Therefore
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, higher wages should be capped to reduce the income disparity. To conclude, in some countries, there is a big pay gap among people. It is argued by some that high
stipend
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is useful for a
country
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while others argue that the government should limit high wages. In my opinion, giving high remunerations is productive for a
country
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, because it reduces the migration of skilled professionals to other countries for higher
remuneration
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.
Submitted by rameezrana2211 on

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Topic Vocabulary:
  • wealth inequality
  • economic growth
  • motivation
  • talent acquisition
  • consumer spending
  • tax revenue
  • redistributing wealth
  • market forces
  • income disparity
  • social stability
  • freedom of choice
  • meritocracy
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