Studies have shown that in many countries the income gap between the rich and poor is ever increasing. What problems can arise from this situation and what could be done to address this situation?

In

this

cutting-edge era, it is widely claimed that

,

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compensatory differences between higher class and lower class is increasing day-by-day in

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the

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ajority of the nation.

Firstly

, I will touch upon its issue

such

as unhealthy growth of

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the

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conomy, in the

later

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latter

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half, we will explore possible resolution

such

as incurring higher taxes from

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a

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ealthy businessman. the following paragraphs will discuss in detail about its obstacle and possible remedy.

TO begin

with, variance in income between blue-collar workers and white-collar employee may lead to non-centralized development of any territory. Most of the commodities have

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ame cost, irrespective of their classes of people who buy it, because of which monthly savings are comparatively low for grubjob workers than that of high remunerated individuals.

Also

, due to ever-increasing in

i

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the

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nflation rate, it

become

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becomes

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impossible for bottommost mankind to survive in

this

mighty world.

For example

, most of the places in Pune are occupied with slums, even though their salary rise every year.

However

, to tackle

this

scenario, it is utmost important for

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overnment to

incure

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ensure

over duty from zenith class workers.

This

will help

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the

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uling body to generate

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a

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remendous amount of funds, which will indirectly help them to provide free education to students whose family falls below

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the

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overty line.

This

will eventually help undergraduates landing up into

b

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a

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etter job market with beneficiary salary.

Also

,

this

employee will be able to save money for any unwanted pandemic situation.

For instance

, government

funde

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funded

universities in Germany do not have any

tution

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tuition

fees in order to provide

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ree degree to the needy ones. In a nutshell,

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the

a

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ivergence between both the categories may lead to

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the

an

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nstable flourish of any homeland.

However

, if proper strategies are implemented by

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dministration,

then

the

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space between the two can become narrow and uniform.