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

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

also

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been on the rise.

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,

this

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essay discusses the problems that a nation could face

as a result

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

To begin

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with the problems, the

poverty

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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.

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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

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is not managed properly.

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, 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

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

this

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problem can be addressed in multiple ways

government

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's role will be key. If the

government

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is able to tackle

poverty

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in the

first

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

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, 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

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line but

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create some employment opportunities.

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

government

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

government

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if it reviews its existing policies ,tax rules.

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to that, if private companies can

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support the

government

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by raising the employment scope,

this

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issue can be handled in an optimal way.