Development of countries depends on many factors. Earnings difference is a major concern in most of the countries around the globe. This essay explains that how experience of a person and corruption plays a significant role in unequal income in the countries. This essay also suggest that how minimal wage level and proper taxation system can reduce this dilemma.
Experience distinguish a person among others when it comes to job and deciding his or her salary. A highly experienced person may receive high income as compared to others on similar level, because of his specialization and skills in a field. Furthermore, corruption is also a matter concern in unequal distribution of wealth in society. Not proper allocation of resources and funds to weaker class is also the cause of income imbalance.
Government should imply laws of minimal wage system to ensure no biasness in wage distribution. After all it could help in overcoming the problem of unfair pays. Besides, a proper taxation system for a salary above a certain limit is also necessary. Collecting money from high income class and allocating those funds to low income groups can eliminate the increasing inequality issue of pays. This will aid the government to maintain check and balance of taxes and their utilization.
In conclusion most of countries are suffering from inequal income levels. This essay explained how vast experience and corruption are causes of income inequality. Hence, minimum wage level for working class should be maintained. In addition proper taxation system will retard growth of earnings inequality.
Development of
countries
depends on
many
factors. Earnings difference is a major concern in most of the
countries
around the globe. This essay
explains
that how experience of a person and corruption plays a significant role in unequal
income
in the
countries
. This essay
also
suggest that how minimal wage
level
and
proper
taxation
system
can
reduce
this dilemma.
Experience distinguish a person among others when it
comes
to job and deciding
his or her
salary. A
highly
experienced person may receive high
income
as compared to others on similar
level
,
because
of his specialization and
skills
in a field.
Furthermore
, corruption is
also
a matter concern in unequal distribution of wealth in society. Not
proper
allocation of resources and funds to weaker
class
is
also
the cause of
income
imbalance.
Government
should imply laws of minimal wage
system
to ensure no
biasness
in wage distribution.
After
all it could
help
in overcoming the problem of unfair pays.
Besides
, a
proper
taxation
system
for a salary above a certain limit is
also
necessary. Collecting money from high
income
class
and allocating those funds to low
income
groups can eliminate the increasing inequality issue of pays. This will aid the
government
to maintain
check
and balance of taxes and their utilization.
In conclusion
most of
countries
are suffering from
inequal
income
levels
. This essay
explained
how vast experience and corruption are causes of
income
inequality.
Hence
, minimum wage
level
for working
class
should
be maintained
. In
addition
proper
taxation
system
will retard growth of earnings inequality.