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

In various nations, a limited number of individuals have been earning extremely high wages. While several humans see

this

trend to be beneficial for a country others opine that the governing bodies should limit the salaries to a certain stage. In my opinion, there should not be any barrier placed in the earning opportunities of the citizens as that can

also

impact the overall growth of the

economy

. In

this

essay, we will discuss both the sides of the argument to understand it better. On one hand, the ambition to obtain a high-income job can

firstly

work as a great motivator for the working population.

Moreover

, it can persuade an individual to perform better in his job to reach that a senior level.

For example

, salary increment is one of the significant factors that encourage an employee to perform well in its job.

Secondly

, since high-salaried people have more spending power,

for example

, they can buy expensive commodities. They can

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,

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therefore

, indirectly support the

economy

as well.

On the other hand

, if we restrict the salary bars to a certain level, the working capacity of the humans will

also

restrict itself to a certain limit.

For instance

, if an individual knows that no matter how hardworking he is, his salary will remain the same, that person will never put any extra-efforts to increase the profitability of the work and thereby limiting the growth opportunities of the firm as well as of the

economy

.

Furthermore

, since the disposable income of the population in

this

scenario will be more or less similar, the

economy

will face a major slowdown in the income received from the leisure sectors. To conclude, in my opinion placing limitations in the financial-growth opportunities of the citizens can not only adversely impact the businesses but to the overall

economy

of a country.