Intuition behind logarithm inequality: $1 - frac1x leq log x leq x-1$

One of fundamental inequalities on logarithm is:

$$1 - \frac1x \leq \log x \leq x-1 \quad\text{for all $x > 0$},$$ which you may prefer write in the form of $$\frac{x}{1+x} \leq \log{(1+x)} \leq x \quad\text{for all $x > -1$}.$$

The upper bound is very intuitive -- it's easy to derive from Taylor series as follows:

$$\log(1+x) = \sum_{i=1}^\infty (-1)^{n+1}\frac{x^n}{n} \leq (-1)^{1+1}\frac{x^1}{1} = x.$$

My question is: "what is the intuition behind the lower bound?" I know how to prove the lower bound of $\log (1+x)$ (maybe by checking the derivative of the function $f(x) = \frac{x}{1+x}-\log(1+x)$ and showing it's decreasing) but I'm curious how one can obtain this kind of lower bound. My ultimate goal is to come up with a new lower bound on some logarithm-related function, and I'd like to apply the intuition behind the standard logarithm lower-bound to my setting.

Answer

Take the upper bound:

$$\ln {x} \leq x-1$$ Apply it to $1/x$: $$\ln \frac{1}{x} \leq \frac{1}{x} - 1$$ This is the same as $$\ln x \geq 1 - \frac{1}{x}.$$