It is indeed a truth that in some countries, people manage to beg exceptionally high wages which as per some people's view is beneficial for the country, whereas others think that the government should restrain the wages people can earn. In my opinion, controlling wages paid to people is not correct approach and there has to be higher slabs of wages paid to those working at senior level.
Those who earn high wages has to pay whooping taxes to the government, which can be used by the government for the betterment of the underprivileged section of the society, funding in defence and technology. Furthermore, they also invest their savings in stock markets, government bonds and bank fixed deposits which boosts economical growth of the country. It is also important for the government to think that those who earn more has more purchasing power which indeed an important factor in the country.
On the other hand, limiting the wages paid to people will have a detrimental effect on the economy as well as on the society. It is disrespectful to those who plays a pivotal role in the development of the organisation they work in. They use their expertise and experience of well being of an organisation and hence they deserve to get higher wages. Controlling the wages paid to them will not only disappoint them, but also demotivate them. In my view, the government should utilise one portion of the taxes for people who earn wages below the set limit and pay them a certain amount as monthly wages. This will not only help them financially but will also keep them motivated.
To conclude, I believe that wages should be paid to people as per their ability and seniority as the government cannot think of setting a limit on the wages and make it uniform for all the people working since it will leave people unsatisfied and will have a negative impact on the country as a whole.
It is
indeed
a truth that in
some
countries
,
people
manage to beg
exceptionally
high wages which as per
some
people
's view is beneficial for the
country
, whereas others
think
that the
government
should restrain the wages
people
can
earn
. In my opinion, controlling wages
paid
to
people
is
not correct approach and there
has to
be higher slabs of wages
paid
to those working at senior level.
Those
who
earn
high wages
has to
pay whooping taxes to the
government
, which can be
used
by the
government
for the betterment of the underprivileged section of the society, funding in
defence
and technology.
Furthermore
, they
also
invest their savings in stock markets,
government
bonds and bank
fixed
deposits which boosts
economical
growth of the
country
. It is
also
important
for the
government
to
think
that those
who
earn
more has more purchasing power which
indeed
an
important
factor in the country.
On the other hand
, limiting the wages
paid
to
people
will have a detrimental effect on the economy
as well
as on the society. It is disrespectful to those
who
plays a pivotal role in the development of the
organisation
they work in. They
use
their expertise and experience of
well being
of an
organisation
and
hence
they deserve to
get
higher wages. Controlling the wages
paid
to them will not
only
disappoint them,
but
also
demotivate them. In my view, the
government
should
utilise
one portion of the taxes for
people
who
earn
wages below the set limit and pay them a certain amount as monthly wages. This will not
only
help
them
financially
but
will
also
keep
them motivated.
To conclude
, I believe that wages should be
paid
to
people
as per their ability and seniority as the
government
cannot
think
of setting a limit on the wages and
make
it uniform for all the
people
working since it will
leave
people
unsatisfied and will have a
negative
impact on the
country
as a whole.