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?

Some believe that rich people are becoming wealthier and destitute are becoming much poorer,

this

has been attested by few research statistics. In the contemporary era, where things are developing at a rapid pace, prices have

also

been on the rise.

Firstly

,

this

essay discusses the problems that a nation could face

as a result

of the income gap, in the latter half, potential solutions will be addressed.

To begin

with the problems, the

poverty

line in the country will be surging if a similar trend follows in future and may reach a state in which only the rich can sustain.

This

is a major issue as even if the governments implement a lot of policies or laws to improve the nation's GDP they are bound to fail if the

poverty

is not managed properly.

For example

, if we take the case of a construction worker, they have experienced a minuscule hike in their salaries over the past decade or so. Meanwhile, the construction companies to whom they are working have gained three-folds of profits compared to a decade back.

As a result

, rich people are only growing. Moving on to the solution, even though

this

problem can be addressed in multiple ways

government

's role will be key. If the

government

is able to tackle

poverty

in the

first

place as a ripple effect, other improvements will be expedited.

For example

, if a poor man is able to send his child to school, obviously the education rate will rise. Ministry should review the tax slabs and not only introduce special schemes in accordance with the

poverty

line but

also

create some employment opportunities.

Furthermore

, if the private corporations contribute to the poor as a gesture to promote humanity. It can aid the

government

's intentions even more. To conclude, the salary gap in a country can be addressed effectively by the

government

if it reviews its existing policies ,tax rules.

In addition

to that, if private companies can

also

support the

government

by raising the employment scope,

this

issue can be handled in an optimal way.