In some countries, a few people earn extremely higher salaries. Some people think that it is suitable for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give our opinion.
It is often considered by some
people
that a few lucrative income holders contribute to the positive growth of a country
, whereas others argued that the government should implement limiting wages. In my opinion, experts with higher earnings lead to the overall development of the country
. Therefore
, the distribution of salaries should be according to the skills required for the job.
On the one side, having a good salary raises the economic status of the country
. Since people
with higher earnings are obliged to pay more taxes to the government, it leads to an increase in the overall budget of the country
. A recent income tax survey has shown that ,unlike India, countries like Canada and US are more financially independent because they provide a greater number of well-paid professional jobs. Moreover
, it helps in the betterment of society. Having more than enough money motivates people
to organize charity donations for those who are in need which results in raising their social status by providing them with basic necessities. As a result
, it promotes social values like respect and unity among people
.
On the other side, offering a small amount on paychecks reduces the differences between rich and poor. It is irrefutable that the rich are becoming richer by earning more and more, while those who earn comparatively negligible remains below the red line. For example
, people
in the villages of Punjab have middle-class lifestyles because they depend on a common source of livelihood as compared to the cities where some people
enjoyed the upper economical class due to access to flexible employment opportunities with varied wage offers. Not only this
but, it would also
create a balanced preference among people
for all types of jobs. It is Because people
tend to opt for certain occupations over others as they include more luxurious income. So, providing similar pays, for example
, will result in an almost equal number of carpenters and doctors in the country
.
In conclusion, although
restricting the substantial earnings of some people
may help in reducing the gap between financial classes, I personally believe that more demanding professions need more money which is worthwhile in developing the economy and community of the country
.Submitted by
on
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