In many nations, both developed and developing countries, a small percentage of the population earn an extremely large amount of money. While some people believe that a very high salary is a benefit for the community, others suggest a limit should be set by the government. In the following essay, I will consider both sides of this issue and finally give my opinion.
Those in favour of keeping high salary argue that high earning generate employment. For instance, luxury hotel and luxury goods could not survive in a world with extremely high salary are forbidden and these hotels and goods create a great deal of employment in the society. Further, the prospect of high pay pushes people to work hard. Without this incentive they may become lazy and unmotivated.
However, the opposing view is not without its merits. Much current research indicates that societies in which wealth is fairly equally divided have better health and education in addition to a greater sense of well-being. For example, it has been demonstrated that many cardiovascular accidents in the Unity States of America in 2018 could have been prevented with a better distribution of the economic resources. It can also be argued that people with extraordinary amounts of remuneration may fail to use it wisely, which is a great concern for the society. For these reasons they maintain that government should put a limit on salaries.
To conclude, both sides seem to have some sound arguments. However, I am of the opinion that the government should not limit high salaries as doing so would lead to less employment and a lower work ethic.
In
many
nations, both developed and
developing countries
, a
small
percentage of the population earn an
extremely
large amount of money. While
some
people
believe that a
very
high
salary
is a benefit for the community, others suggest a limit should
be set
by the
government
. In the following essay, I will consider both sides of this issue and
finally
give my opinion.
Those in
favour
of keeping
high
salary
argue that
high
earning generate employment.
For instance
, luxury hotel and luxury
goods
could not survive in a world with
extremely
high
salary
are forbidden
and these hotels and
goods
create a great deal of employment in the society.
Further
, the prospect of
high
pay pushes
people
to work
hard
. Without this incentive they may become lazy and unmotivated.
However
, the opposing view is not without its merits. Much
current
research indicates that societies in which wealth is
fairly
equally
divided have better health and education
in addition
to a greater sense of well-being.
For example
, it has
been demonstrated
that
many
cardiovascular accidents in the Unity States of America in 2018 could have been
prevented
with a better distribution of the economic resources. It can
also
be argued
that
people
with extraordinary amounts of remuneration may fail to
use
it
wisely
, which is a great concern for the society. For these reasons they maintain that
government
should put a limit on salaries.
To conclude
, both sides seem to have
some
sound arguments.
However
, I am of the opinion that the
government
should not limit
high
salaries
as doing
so
would lead to less employment and a lower work ethic.