Hard Work Believed to Be the Dominant Factor in Achieving Wealth

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Yosepha Pusparisa 22/01/2021 15:30 WIB
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Public Perception of Factors Contributing to Individual Wealth
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A survey by the Indonesian Survey Institute (LSI), cited in a World Bank report, shows that Indonesian society identifies two factors contributing to a person's wealth: internal and external factors.

The 2014 survey revealed that 41% of respondents believed that hard work (internal factor) leads to wealth. Meanwhile, 23% of respondents attributed wealth to being born into a wealthy family (external factor). However, 9% of respondents attributed wealth to corruption.

According to the World Bank, Indonesia has one of the highest levels of social inequality among its neighboring countries. This phenomenon is attributed to inequality of opportunity, inequality in the labor market, unequal vulnerability to shocks, and the concentration of wealth among the wealthy.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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