I think it’s self evidently true that hard work is not equal to wealth and I don’t know how that meme became a thing.
You can exert extreme effort in unproductive directions and provide marginal, even extremely negative, value.
You can work extremely hard, all day every day, and accomplish nothing.
Gulags aren’t known for their wealth or value generation. They’re known for their labor input.
> I don’t know how that meme became a thing.
I think it's easy to see: (1) A simplified variation of it is true (namely, that if effort1 > effort2 then outcome(env, effort1) >= outcome(env, effort2) for any fixed environment env); (2) It flatters those who have achieved high outcomes, regardless of how much effort they put in.
Well some gulags produced heavy industries, now owned by oligarchs.