I'll agree that there's something wrong with the way we are progressing and I think you just hit on another reason why our generation struggles with frustration. We were taught that hard work would pay off, but now it seems like companies have little value even for the good, dedicated, hard working employees. They'll drop you in a heartbeat to save themselves money. In such an environment, what can keep people motivated to work hard?
I have to wonder if Work has actually become a modern God. It's always hailed as the way to get anything and everything, but the only thing I see Hard Work getting people now days is more work. I'm certainly not saying that work isn't important, and I come from a family in which not working just isn't an option. Even if you're sick and on your last leg, you still drag yourself into work. But the work/family balance has flipped out of control. It seems like today's word is Get Promoted So You Can Keep Your Family's Phones Updated, but never mind the fact that you won't actually see or talk to your family.
I've known some very successful people. But I've never met a single one who hasn't made major sacrifices (health, relationships, completely missing their kids' childhoods) in the process. There is ALWAYS a price to pay, and usually, it's lost on quality time with the ones you love.
I also think there was a whole lot less entitlement in past generations, which made people much more humble and grateful for what they had (leading to more peace, content, and perceived happiness.) But as Molly pointed out, many from these generations had tough lives, and for most, the goal in working so hard was to "provide a better life" for their children.
Unfortunately, that can go astray. Parents who might have grown up being told they were of little value want to make sure their kids believe they are the princes and princesses of the world. It's done with good intention, but so many of us then somehow think we're owed the world on a silver platter (the perfect career, a salary that pays us the royal sum we believe we're worth, the perfect spouse)... and it should have been delivered yesterday.
People from past generations waited years and saved all they could to buy things for their families (houses, vehicles, etc.) Now days you can have a new car every year and a new phone every month, but it's all on credit, and unlike past generations, most people don't know what it's like to work for something over a long period of time and truly own it. We're all too busy worrying about how we're going to grab on to the next thing to think about how blessed we are to have what's in our hand today, and that leads to feelings of discontent and depression.
I honestly think that when people worked for things, met goals, and actually owned what they had, they knew a deeper, more meaningful and lasting sense of contentment than in today's world in which you expect to (and can) have everything at a moment's notice, but none of it is actually yours and you haven't really accomplished anything because it's all on credit.
Money and purchasing power aren't the only contributing factors of course, but it was something I thought about immediately after reading Cinder's post.