In some countries, a few people earn extremely high salaries. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both sides and express your opinion.
Many countries in the world are experiencing huge
income
disparity among their citizens. It is generally believed that Use synonyms
this
difference should be narrowed by government intervention, specifically limiting salaries. I do not, Linking Words
however
, agree with Linking Words
this
and hold the view that disequilibrium in salaries encourages people to work hard which is eventually good for a competitive workplace.
Linking Words
To begin
with, it is imperative to understand the rationale behind putting a cap on salaries by the policymakers. There is a common belief that Linking Words
income
inequality leads to social unrest and increased criminal activities by the low-Use synonyms
income
groups. To epitomize, the red collar jobs are most commonly associated with primary activities Use synonyms
such
as farming, and Linking Words
hence
, are considered inferior by some in the western world as compared to white-collar jobs which are better rewarding. The low-salaried earners tend to remain unsatisfied and they often indulge in malpractices at the workplace which deteriorates the entire situation.
Linking Words
Conversely
, the disparity of Linking Words
income
is a disguised mechanism that unconsciously works extremely well for an economy. While it makes the poor feel inadequate, but at the same time, it encourages most of them to put in additional effort. The human propensity is to imitate the superiors and strive harder in order to be rich. Use synonyms
This
attempt is sufficient to make the offices and markets competitive which leads to economic growth and inclusive development. The governments, Linking Words
instead
, should use other ways to reduce inequality; Linking Words
for instance
, imposing higher taxes on the rich or launching welfare schemes for the poor.
To conclude, Linking Words
although
the social impact of Linking Words
income
disparity can not be ignored, the economic benefits are far more as people push their limits to earn more. The government's role remains pivotal with a greater focus on creating a healthy environment where the poor can yearn to earn more.Use synonyms
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