In some countries, a few people earn extremely high salaries. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give your opinion.

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The advent of technology has been a significant factor in the introduction of enormous job opportunities,
hence
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, people are earning an excellent amount of money. It is generating a country's revenue and promoting superior living standards,
however
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, discrimination between the poor and rich is surging.
Although
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it has a few lethal consequences, the benefits it brings cannot be overlooked. Undoubtedly, technological advancements have created umpteen career opportunities that enabled high-skilled workers to assure high-paid jobs.
As a result
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of excessive earnings, numerous nation's economy is roaring.
For example
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, Samsung and Nokia are the best renowned IT companies in Japan, making unprecedented income worldwide because they are hiring high-paid ingenious employees and encouraging them to perform beyond their capabilities, tempting them with high wages.
Consequently
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, Japan encountered excellent success in the
last
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few decades.
Besides
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this
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,
this
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phenomenon has enriched the citizen's lifestyle. If an aspirant has enough balance in his bank account, he will not reflect reluctance on procurement of elementary needs.
Therefore
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, a good salary package improves the public way of living remarkedly. People in developed countries
such
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as Canada are living their best lives because the government is offering them good salary packages. No one can ignore the fact that high-paying jobs in one nation play a significant role in discrimination between first-world territories and third-world territories, as the society of a destitute country cannot afford luxurious possessions.
This
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is why, governments should put a limit on salaries to create a sense of equality among all nations.
Nevertheless
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, the legislation of
such
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countries should devise training programs and promote tertiary education in order to create and provide higher income sources. In conclusion, I firmly believe that those who are earning an excellent amount of money are not only generating and boosting their nation's revenue but
also
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leading a quality life. Despite it having a few negative ramifications for the destitute places, the reaped benefits it brings to individuals and the government far outweigh them.
Submitted by sdeepkaur9 on

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Topic Vocabulary:
  • wealth inequality
  • economic growth
  • motivation
  • talent acquisition
  • consumer spending
  • tax revenue
  • redistributing wealth
  • market forces
  • income disparity
  • social stability
  • freedom of choice
  • meritocracy
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