It is often asserted that 
people
 who are earning lucrative compensation will spend more by buying a lot of items. Use synonyms
Although
 there are certain drawbacks of Linking Words
this
 trend which are negligible in my opinion, the benefits of Linking Words
this
 culture are humungous Linking Words
such
 as improved living standards and economic growth of nations.
Linking Words
To begin
 with, the primary reason to encourage the above-mentioned trend is an enhancement of living standards in society because of the pay hike. Linking Words
This
 means enhanced earnings not only help the public to showcase their status in society but Linking Words
also
 encourage them to help others during financial burdens. To illustrate, the latest gesture of Mr Elon Musk to sell some of his Tesla shares to contribute to an old age charity shows his power. Linking Words
Hence
, it is evident that Linking Words
people
 would come forward to share their wealth with needy Use synonyms
people
 in case of emergencies if they earn hefty amounts.
Use synonyms
In addition
 to Linking Words
this
, Linking Words
people
 being extravagant help to increase the cash flow in the market. Use synonyms
This
 eventually means that there is a spike in the number of financial transactions, which Linking Words
consequently
 leads to the economical growth of the world. According to the theory of the World Trade Organisation, Linking Words
for example
, the rise of share prices is the result of buying and selling of respective goods in the market. Linking Words
Therefore
, the nature of increased income and expenditures by Linking Words
people
 is the resemblance of not only improvement of individuals living standards but Use synonyms
also
 represents the boost of the global economy. 
In conclusion, a rise in income leads to increased spending in many countries. In my opinion, Linking Words
this
 phenomenon is a positive development as it helps Linking Words
people
 to improve citizens lifestyle and they help others if required. Eventually, the increased income leads to a surge in spending which is a symbol of the financial growth of the globe.Use synonyms