๐ค Are Australians Losing Faith in Hard Work? ๐ผ๐ธ
Survey Insights: ๐
The latest Edelman Trust Barometer, marking its 20th anniversary, has revealed a sobering trend โ a growing sentiment of inequality is eroding trust not just in societal institutions but also in capitalism itself. A notable finding is that many, especially in developed markets, no longer hold the belief that working hard guarantees a better life.
Despite economic progress, a significant portion of respondents don't foresee an improvement in their financial situation over the next five years. This reversal challenges the long-held notion that economic growth fosters trust.
The latest Edelman Trust Barometer, marking its 20th anniversary, has revealed a sobering trend โ a growing sentiment of inequality is eroding trust not just in societal institutions but also in capitalism itself. A notable finding is that many, especially in developed markets, no longer hold the belief that working hard guarantees a better life.
Despite economic progress, a significant portion of respondents don't foresee an improvement in their financial situation over the next five years. This reversal challenges the long-held notion that economic growth fosters trust.
I tend to support this view, especially in today's socio-economic context in Australia. ๐ช
I remember a few years ago, as a startup founder, I worked more than 16 hours a day and sacrificed almost all of my personal time in an attempt to get the company on its feet through relentless efforts. However, despite our tremendous efforts, sudden changes in market conditions, high operating costs, and rising life pressures ultimately brought the company to its knees.
This experience made me realize that simply working hard does not always translate into the expected success or better quality of life. In Australia's high-benefit, high-cost society, individual efforts often need to be complemented by good opportunities, policy support, and a reasonable income distribution system in order to achieve a truly improved quality of life.
Your Thoughts? ๐คI'd love to hear from you! Do you believe hard work still leads to a better life, or have circumstances shifted to the point where other factors, like property investments or capital gains, hold greater sway?
Share your thoughts, experiences, or counterarguments.![]()
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8mg6u3VG6z : It depends on the definition of 'hard work'.
If 'hard work' only refer to go to your office and do your job at 100%, then I do not agree that hard work can lead my life better;
but if you say the 'hard work' means that you try 200% to learn from anything happened on you everyday, be keen to know how the world operates and how the finance operates, to understand what is the most important thing in a human's short life - then I will hold total consent for the conclusion.
FUMI05 : Why do we work hard? It is necessary to work hard temporarily if we can receive compensation that can make our families happy. Effort is necessary for ourselves to become richer and to have a better life. It is important to consider both real estate investment and capital gains and how we can make the most of both in order to become happy in the future. Blaming the market or others is a selfish way of thinking. I think that being a qualified entrepreneur requires proper risk management, rather than taking risks without thinking.
ใใใ ใใ : I am not happy when I think it's hard.
ohrivr : Success requires hard work because it is through dedication and effort that one learns to balance work and personal life effectively. This balance is crucial for managing responsibilities and achieving both professional success and personal fulfilment. The idea of smart work versus hard work is often misunderstood, especially among younger people who believe that smart work alone can lead to success. However, this view is flawed because one can not work smart without first gaining the foundational knowledge and skills that come from hard work.