Introduction
Many children are told that talent and virtues are the best tools to succeed in different spheres of life. Adults believe that if their kids are gifted, they will be valued by employers, run their own effective business, or become the best in a narrow sphere. Unfortunately, this is only partly true, and people should consider other factors. Thus, in developed and underdeveloped countries, economic conditions play a more significant role in defining one’s destiny than virtues and talent do.
The Impact of Economic Conditions vs. Talent on Defining One’s Destiny
To begin with, consider a gifted child living in a state with adverse economic conditions. To develop this talent and become a great professional, they need to receive education and possibly get additional training, finish special courses, and prepare a portfolio proving their competence. In a country with higher poverty rates, this child’s parents cannot afford the needed education, or there may be no high-quality colleges. Talent and virtues are necessary, but they are also required for people to develop, gain knowledge, and grow in their profession.
According to Roser, “creative and talented people that can contribute to this important work are everywhere, but the opportunity to develop is limited to only a small number of well-off children.” Unfortunately, economic factors in underdeveloped regions do not allow talented individuals to spend time on personal development. Instead, they must work in any position possible to earn money and buy necessities (Roser). In both developed and poor states, it is also possible that employment preference is given to an individual with no talent if they demand less money for their work than a gifted candidate.
Next, there are situations when people with virtues and talent achieve success but then lose it because of economic changes. For instance, some niches offer products and services that are demanded only if consumers have high and stable wages. One such niche is homemade confectionery, as homemade cakes are much more expensive than those from grocery stores and cannot be afforded by all clients. If a country’s economy collapses, even the most talented home confectioners will fail because there will be no product demand.
Further, one may also consider how unemployment rates as an economic factor can negatively and positively affect a business leader or ordinary worker. For example, if unemployment is high, consumer spending decreases, and companies cannot sell their goods and services for the prices they wish to set. While talent may help a business owner find an effective strategy to implement during unpleasant times, success depends on stabilizing the economy.
At the same time, growing unemployment can boost employee performance, as workers will want to demonstrate their value by suggesting new projects or helping the firm find a solution. This may happen even if a business leader lacks talent and virtues because economic conditions will improve worker motivation. In these same conditions, a talented individual might fail to find or maintain a job position because many firms are made to close. Thus, although gifted employees are in demand, adverse economic factors can be more powerful and deprive them of the opportunity to succeed in the labor market.
Conclusion
To conclude, people must pay attention to the economic conditions of the areas in which they reside to respond promptly and gain personal profit. Talent, creativity, and personal virtues, as well as a lack of them, play a role in individual success or failure. However, economic forces are more substantial, severely affecting talented persons in developed and developing states.
Work Cited
Roser, Max. “Talent is Everywhere, Opportunity Is Not. We Are All Losing out Because of this.” Our World in Data. 2019. Web.
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