Some people believe that the difference between the lowest paid job and the highest paid jobs should be reduced. What extent do you agree?

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Certain individuals think that reducing the gap between the salary between low-income workers and high-income workers is required. I am in complete agreement with
this
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statement as doing
this
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can reduce the
poverty
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in society and
also
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improve the
economy
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in the
country
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. The significant contrast of income of the people in the society causes
poverty
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problems. People who earn just a small amount of money cannot afford necessary products in the market like clothes or foods, while the richer face a diverse experience. Earning an extra-low salary, the poor family may have to beg for others money and that would be terrible.
For example
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, blue-collar workers in Thailand earn less than 300 baht a day which is not enough for renting a room and
this
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increase
poverty
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rates in Thailand. Obviously,
this
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is the
first
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reason why the difference in income should be reduced.
Moreover
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, the gap
also
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worsens the
country
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's
economy
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. The poorer are unable to pay for the taxes and fees, even though they are the citizen of the
country
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;
hence
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, the government would have fewer cash flows and not able to provide proper welfare for people which may cause
a
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an
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economic recession.
However
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, reducing the margin of the earnings between the rich and the poor can minimize
this
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problem and enable the
economy
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to flourish. Take China as an example, the Government has introduced the regulation about
this
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issue and now their
economy
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is developed markedly. In conclusion, the level of difference in salary in the
country
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should be mitigated to solve
poverty
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and better
economy
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in the nation. At the end of the day, there are nobody should be richer or poorer.
Submitted by mintjinjutha on

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Topic Vocabulary:
  • Income disparity
  • Equitable
  • Socio-economic groups
  • Wage gap
  • Morale
  • Productivity
  • Social cohesion
  • Public health outcomes
  • Incentivize
  • Innovation
  • Economic growth
  • Skill level
  • Expertise
  • Competitiveness
  • Market forces
  • Supply-and-demand dynamics
  • Artificial adjustments
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