When it gets to earning, individuals are not barred from earning what they desired. It is even said, "The way you lay your bed, you will lie on it." Thus, people over the ages have learned skills and went qo school to learn a trade or profession so that they can be gainfully employed. Over the years, wages of workers have not remained the same. Workers have earned differently and could still earn more basically through the organization that employed their services.
One relevant factor that considers the wage of workers and earning levels is the economic system min operation. For instance, in Nigeria, we practice a capitalist economy which is simply defined as the economic system where private individuals and the government has access to the means of production, distribution and exchanged. With this definition, one can deduce that people are limited to what they can earn.
A typical example in our beloved nation is the number of industrialists we have had and that are growing in their numbers. Akiko Dangoze, Femi Otedola and a host of other industrialists have taken tutns to delve into corporate civic responsibility where communities, families, individuals and in some extent the entire nation have been reached from wealth gathered.
There are few nations around the world where a bar of limitation have been raised as to how much a person can earn. In such nations, you will find that they practice socialism or se sort of communism.
The Sky Is Wide Enough For All Birds To Fly
Room for improvement is available for individuals who are not satisfied with income to earn more. When such policies are in place, there will be a surge. Let's consider the surge that is likely going to.occur in such an environment.
Creative Minds:
Recently, the number of entrepreneurs that has evolved in our polity have surged. This is largely because of the fact that these fellows saw the need to escape the pinch of the labour market. They went ahead to create an idea to solve human needs, thereby employing labour (reducing unemployment rate) and rendering a service(s) and by so doing, making ends meet.
Taxation For Public Utilities
As much as I want to know the application of the funds collected by government from.tje public, the case here is that government tends to makeore.money when individuals are not limited to what they should earn. Again, the more individuals earn, the better for government. In fact, earning will reduce the number of charity works that will be carried out by government.
Vicious Flow of Income
Some generation of people can never taste poverty anymore because their ancestors have laid a solid bridge for the generation yet unborn. When individuals are not barred to what they earn, it makes the family unit plan to leave a heritage for their children. There are families round the world that cannot be poor. Hence, I support the argument that there shouldn't be limitation as to what individuals can earn.
From the foregoing, one can settle with the truth that life is open for everyone to compete favourably. Setting limitation wi hamper the natural process.
The Capitalist School of Thought
This school.of thought support that the earning power of an individual who see th need to solve human problems, arising from the insatiable need of man can create wealth.
In some of these capitalist nation, you will bear witness that the state release some agencies that individuals can.explore and create wealth while trying to solve a particular problem.
For example, in Nigeria, the oil and gas sector is opened for everyone to explore. This is why you can find filling stations owned by individuals or groups littered all around but in some other economies, it is not so.
Also, individuals can delve into the education sector. This is why there are more private school in the country than the government run schools. Hence, when individuals run a school, one of their motive aside from creating standard education is to make earnings. Private education in Nigeria has become a yardstick for which government has to rise to their feet and run.
When there is no limitation to earning, both the government and individuals are able to pursue expensive ventures. Individuals can get comfort and luxury that life brings to their doorsteps.
