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.

All over the world, a tiny group of
people
make high financial gains. While a part of
society
thinks
this
is necessary, others feel that the government should limit it to a certain ceiling.
Jobs
in areas
such
as public service, banking and advertising are generally better paid. Some
people
would point out that these
jobs
are essential for
society
, and, as those positions are usually filled with the best
people
, with good curriculums,
also
they should be well recompensed. It is said that
people
with good skills have spent enormous effort and money on education and should be fairly rewarded.
On the other hand
, there are those who say high salaries do not mean that high values are been delivered to
society
, and there should be some regulation to apply some ceiling to remunerations. I agree with
this
statement because we have many
jobs
that are essential to our
society
and that delivers good value to it.
Although
the high paid positions are usually occupied by well-skilled persons, that does not mean
society
will be benefiting from those work. Related to
this
, we can mention the 2008 subprime crisis, which originally was in the heart of the financial system, where CEOs, analysts and consultants were paid millionaires wages, and ,
still
Add a comma
,still
show examples
they led the economy to a very bad situation with millions of unemployed
people
. In summary, we are living in a
society
where a small number of workers take home huge amounts of money, and there are those who agree with
this
situation.
However
, governments should apply some limits to remuneration because high paid
jobs
do not mean high value delivered to
society
.
Submitted by fssonca on

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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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