In Some Countries, A Few People Earn Extremely Higher Salaries | Band 7 IELTS Essay Sample
In some countries, a few people earn extremely higher salaries. Some people think that it is suitable for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give our opinion.
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Band 7 IELTS essay sample
Higher salaries indeed are earned by only a few people in some countries. Some people opine that difference in the income of citizens is beneficial for the country. Others, however, say that earnings must be controlled and restricted by the government. In my opinion, a few people earning a higher salary is beneficial for the country.
Some people say that difference in salary boosts the economic development of a country. The reason behind it is that highly paid people tend to spend money on living a comfortable life. This money aids economic growth when it flows into the market. Also, the elite class contributes maximum to the economy by paying more taxes to the government. If the government restricts their salaries, it will not be able to collect enough tax revenue to improve infrastructure, health, education, and transportation. In addition to this, these high salaried groups employ poor people and help them make a living.
However, others vehemently contend that the difference in salaries has widened the gap between the poor and the rich and in turn, fragmented the society into two strata. Only the affluent class has the resources to live a luxurious life, and poor people are struggling to survive. If the government does not restrict salaries, it generates more disparity in society. Furthermore, it may increase criminal activities in the society because people try to meet their basic needs by doing unethical acts.
In conclusion, although there are good reasons why the government should limit the earnings of people, I hold the view that the difference in the salary boosts economic growth and is undoubtedly, good for the country. Of course, it increases inequality in the society, but capping salaries will not have the intended effect. Rather, it would hurt the economic growth.