For a while, after WWII, many in the Eastern part of Europe were convinced that, soon, ‘the Americans will come’.
And save them from communism.

At the end of the Korean war, most of those hopes were dying away.
Whichever were still alive had been buried at the end of 1956. When the Soviets had occupied Budapest. And nobody lifted a finger…

The erstwhile hopeful had adapted to the new reality. Changed tack …
Instead of hoping that America will eventually deliver them from communism, they saved themselves. One way or another, they left their countries and pursued the American Dream in America proper.

They somehow reached those shores – welcoming shores, in those times, set to work and made it.
You see, in those times the American Dream was not as much about becoming rich as it was about becoming ‘your own man’. Being rich was considered useful, indeed, only it wasn’t seen as a goal in itself.

As to how to do it, things were crystal clear. Luck was optional while hard work was deemed essential. And, often enough for people to become convinced, things went on as expected!

‘Find what you’re good at, work hard and, sooner rather than later, your dream will come true’.

And it did. For many enough so that achieving the American Dream was considered to be the norm rather than an exception.
Maybe not for everybody. But for many enough so that Regular Joe was convinced that hard work and determination will take you places.

Is this assumption still valid today?

When so many of the well paying jobs have been exported?
When it’s far easier to make money by investing already owned capital than it is to work your way up the socio-economic ladder?

A lot of people point their finger at those who prefer to take hand-outs instead of accepting minimum wage jobs.
On the face of it, it doesn’t make much sense, does it?
No matter how generous, hand-outs will never be large enough for a comfortable life. While hard work will, eventually, take you there.
Are you sure about that? About hard work eventually taking you ‘there’? In the present conditions?

Furthermore, the former American Dream was about about giving your best before expecting Fate to reward your efforts.
Today’s mantra, ‘greed is good’, had completely altered the premises.
‘Get as much as you can, give as little as possible’ has become the new modus operandi.

What?!?

Maybe put in this way it will be easier to recognize.

Buy low, sell high.

‘Profit maximization’.

You see, using fancier words, those who prefer hand-outs to hard work do nothing but obey, intuitively, the law of the diminishing returns.

Then hand-outs should be drastically reduced!

That’s, indeed, one way of solving the problem…

Except for another ‘rule’.

You catch more flies with honey than vinegar!

But this is about ‘flies’, not ‘people’!

Yeah, right… as if people were less intelligent than flies…

You see, Henry Ford had found a way out. By dramatically increasing the ‘benefits’ extended to his workers he had managed to retain a stable work force. And, an unforeseen consequence, he had set in motion the wheels of the consumer society. The very economic set up which had made possible the fulfillment of the American Dream.

Currently, solvent demand is drying up.
Unnoticeably, for now.
For as long as credit will take up the slack, the evidence will remain under the radar.

But ‘evidence’ has the bad habit of hitting the fan.
Exactly at the worst possible moment…

It’s not necessarily a coincidence that this group of Goldman Sachs analysts chose the current moment in which to speak up, bucking the grin-and-bear-it culture.
There are a mix of factors at play: the ubiquity of social media, where the survey initially appeared; the rise of a generation more conscious of workplace toxicity and mental health; and a general sentiment of activism for equity.
The pandemic may have become a factor, too. Keenan notes that, from his experience, office camaraderie was one of the things that buoyed him through the worst days. In isolation during forced remote work, many of these tough experiences may be made even tougher, exacerbating their effects
.”

Meredith Turits, Is extreme working culture worth the big rewards?
BBC Worklife, 27th April 2021