In many countries, a small number of
people earn extremely high salaries. Some people believe that this is good for
the country, but others think that governments should not allow salaries above
a certain level.
Discuss both these views and give your
own opinion.
People
have different views about whether governments should introduce a maximum wage.
While in some ways it may seem reasonable to allow people to earn as much as
companies are willing to pay, I personally believe that employee remuneration
should be capped at a certain level.
There
are various reasons why it might be considered beneficial to allow people to be
paid extremely high salaries. If companies offer excellent pay packages, they
can attract the most talented people in their fields to work for them. For
example, technology companies like Google are able to employ the best
programmers because of the huge sums that they are willing to pay. Furthermore,
these well-paid employees are likely to be highly motivated to work hard and
therefore drive their businesses successfully. In theory, this should result in
a thriving economy and increased tax revenues, which means that paying high
salaries benefits everyone.
However,
I agree with those who argue that there should be a maximum wage. By
introducing a limit on earnings, the pay-gap between bosses and employees can
be reduced. Currently, the difference between normal and top salaries is huge,
and this can demotivate workers who feel that the situation is unfair. With
lower executive salaries, it might become feasible to introduce higher minimum
wages, and everybody would be better off. One possible consequence of greater
equality could be that poverty and crime rates fall because the general
population will experience an improved standard of living.
In
conclusion, it seems to me that it would be better, on balance, for governments
to set a limit on the wages of the highest earners in society.
No comments:
Post a Comment