▶ Your Answer :There is no doubt that it is common phenomenon to happen to the income-gaps in our society these days, governments and the general public have been debating the issue, without any definite conclusion. This essay will discuss the causes and solution of the difference of extremely incomes.
One of the main reasons is that exceptionally rapid economic development for a short time could cause more largely the economic inequality between common people and the rich in the society, since economic policies of governments which emphasize growth argue that employees have to wait until to become more advanced countries and governments of developing nations can often force their workers to receive less wages than advanced countries' employees. However, some employers and politicians of developing nations amass incomes in their bank account, as a result, those countries can cause the financial inequality of social members.
Countermeasures for this issue can be suggested. At First, governments should lead a range of corporations to invest various parts for their employees. For example, employers have to offer them more raised salaries and they should prepare various pensions for their workers. Another solution is that governments should impose heavy directed taxes to the rich and implement various welfare polices for the poor to receive low pay. This means that strong polices of governments which increase taxes to economically superior people can contribute to funding for social welfare and can distribute to economic weak people for their future.
In a nutshell, there are some identified reasons of economic inequality, therefore, governments and companies should make an effort to address financial gaps between social members. |