In some countries few people earn extremely high salaries. Some people think this is good for the country, while other believe that government should control the salaries and limit the amount people can earn. Discuss both views and give your opinion.
There are conflicting opinions about the rise in salary disparity in few countries. I believe, setting a limit on high income, will discourage talent, which may lead to emigration.
However
, it must be ensured that the weaker section of society must be protected.
One way to attract and retain talent is to provide them with high wages. Linking Words
This
Linking Words
also
shows that nation and companies respect intelligent and hardworking people. Higher salaries are Linking Words
also
a reflection of the growth and progress of a country. Linking Words
Furthermore
, setting an upper bracket on earnings can be very discouraging, which may lead to migration to other countries. Linking Words
For instance
, in India during the nineties, individuals migrated to the US and Canada, due to low income in India. Same people are now willing to come back to India because of a handsome package paid by the companies.
Having said that, it is required that the lower working class gets sufficiently rewarded as well. The government needs to formalize policy so that minimum wages are established, and labourers or factory workers are not exploited by the organizations. Linking Words
Moreover
, the Linking Words
tax
council can create earning based Use synonyms
tax
slabs so that low-income people may get Use synonyms
tax
exemption. Use synonyms
For example
, Scandinavian countries have established Linking Words
tax
rates as high as 55% on rich people, while poor get social security from the administration.
To conclude, there should not be any limitation on high earnings, Use synonyms
otherwise
,it may demotivate people, who may decide to migrate out of the country. Linking Words
Instead
, authorities need to safeguard the interest of the working class, by ensuring they get social benefits and minimum wages.Linking Words
Submitted by hariskamal29 on
Unauthorized use and/or duplication of this material without express and written permission from this site’s author and/or owner is strictly prohibited. Excerpts and links may be used, provided that full and clear credit is given to Writing9 with appropriate and specific direction to the original content.