To a certain extend a salary of an individual defines his economic stability, rise in the salaries of individuals will directly lead to the growth of the economy. However, it has been a controversial topic and many people are in agreement that the government should put a limit on the remuneration earned by an individual. In my essay I will discuss both the views before I draw a conclusion.
To start with, the higher remuneration among people can cause disparities among the individuals. We have seen among the corporate, a number of people on the higher role are being paid extravagant remunerations as compared to the mid and senior level employees. However, I do agree to a certain extent that, looking at their role they do deserve a higher perk, but this huge difference can also lead to de-motivating the lower levels. In addition, there are also professionals which do not deserve a higher remuneration. For example, the actors and actresses get a huge amount of salary, which in my view is not very deserving. Whereas, the people in the army, nurses, doctors deserve to be paid more due to the services offered by them to the community.
On the other hand, if the government caps a limit on the remuneration of the people. This would lead on reducing the zeal of people wanting to excel in their professions. If the remuneration is limited people, will not work as hard to reach towards their goals. This could also de-motivate a number of deserving people, who deserve higher perks for their achievements and hard work. In addition, if the salary is limited, it is also difficult to differentiate the roles between people, as all could possibly work at a similar remuneration.
In conclusion, if the government puts a cap on the remuneration of an individual he would help in reducing the disparities among people, however this would also de-motivate people who deserve to be paid higher. In my view, the government should try and balance the salary among various professionals and should ensure that a few sets of people should not be paid higher salaries.
To a certain
extend
a
salary
of an
individual
defines his economic stability, rise in the
salaries
of
individuals
will
directly
lead to the growth of the economy.
However
, it has been a controversial topic and
many
people
are in agreement that the
government
should put a limit on the remuneration earned by an
individual
. In my essay I will discuss both the views
before
I draw a conclusion.
To
start
with, the higher remuneration among
people
can cause disparities among the
individuals
. We have
seen
among the corporate, a number of
people
on the higher role are being
paid
extravagant remunerations as compared to the mid and senior level employees.
However
, I do
agree
to a certain extent that, looking at their role they do
deserve
a higher perk,
but
this huge difference can
also
lead to
de-motivating
the lower levels.
In addition
, there are
also
professionals which do not
deserve
a higher remuneration.
For example
, the actors and actresses
get
a huge amount of
salary
, which in my view is not
very
deserving. Whereas, the
people
in the army, nurses, doctors
deserve
to be
paid
more due to the services offered by them to the community.
On the other hand
, if the
government
caps a limit on the remuneration of the
people
. This would lead on reducing the zeal of
people
wanting to excel in their professions. If the remuneration
is limited
people
, will not work as
hard
to reach towards their goals. This could
also
de-motivate
a number of deserving
people
, who
deserve
higher perks for their achievements and
hard
work.
In addition
, if the
salary
is limited
, it is
also
difficult to differentiate the roles between
people
, as all could
possibly
work at a similar remuneration.
In conclusion
, if the
government
puts a cap on the remuneration of an
individual
he would
help
in reducing the disparities among
people
,
however
this would
also
de-motivate
people
who
deserve
to be
paid
higher.
In
my view, the
government
should
try and
balance the
salary
among various professionals and should ensure that a few sets of
people
should not be
paid
higher
salaries
.