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.

People
have different views about how can be advantageous for the community to not allow employees a high salary . While other persons claim that the authority should not give
workers
a low salary . In my opinion, I take the view that it would be better for individuals to have minimum
wages
. On the one hand , having a large number of
workers
who get a low sum of money can be useful for
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society for several reasons . Higher earnings confined to a few hands increases inequality in society.
This
also
gives rise to feelings like jealousy and hatred.
For example
,
people
who do not earn much may feel hatred towards those who earn too much. In
such
situations, the crime rate is more likely to increase.
On the other hand
, there are several reasons that why
people
argue that
workers
should have minimum
wages
. The strongest reason is that raising the minimum
wages
of
people
help the community to fight poverty .
In other words
, if employees earned more money , a large number of individuals and families will move out of poverty because the higher earnings would improve the overall standard of living for
workers
by providing them with a more appropriate income level to handle the cost of living increases.
In addition
, a boost to the growth of the economy remains an important benefit. Because
that
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consumer spending increases along with
wages
, a higher minimum wage would put more discretionary dollars in the pockets of millions of
workers
which would
then
flow to retailers and other businesses. In conclusion , despite that earning a little sum of money, in some cases , can have some benefits to the nation , I believe that the development and the advancement of any country necessitate that their citizens have a sufficient income .
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Topic Vocabulary:
  • incentivize
  • discrepancy
  • inequality
  • social cohesion
  • equitable distribution
  • wealth concentration
  • talent retention
  • global competitiveness
  • social unrest
  • innovate
  • government intervention
  • salary cap
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