If the proposition is true then $\frac{\ln x}{x} < 1$ for $x > 0$.
Let $x = e^z$. The condition $x > 0$ translates to $z \in \mathbb R$: no restriction on $z$.
Then $\frac{\ln e^z}{e^z} = \frac{z\ln e}{e^z} = \frac{z}{e^z} < 1$, for all $z$.
For the negative $z$, this is true by inspection. $e^z$ is positive, and so $\frac{z}{e^z}$ is negative and thus less than $1$.
The proposition is true at $z = 0$, where $\frac{z}{e^z}$. Furthermore, $\lim_{z\to\infty}\frac{z}{e^z} = 0$ because $e^z$ grows much faster than $z$.
In between these extremes, the function reaches a maximum, which we can find using calculus.
$$\frac{d}{dz}\frac{z}{e^z} = 0$$
$$\rightarrow\frac{e^z - ze^z}{e^{2z}} = 0$$
$$\rightarrow e^z - ze^z = 0$$
$$\rightarrow e^z(1 - z) = 0$$
$$\rightarrow z = 1$$
At this maximum, the value is $1/e$ which is less than 1. So in fact not only $\frac{z}{e^z} < 1$ but in fact $\frac{z}{e^z} \le \frac{1}{e}$.
From this we can work backwards to $\frac{\ln x}{x} < 1$, which shows that $\ln x$ < $x$.
Can we generalize this to other bases, to discover whether this is true for some smaller bases $b$, $1 < b < e$. Base 2 is in this range.
Let's repeat the argument for a generalized base $b$, starting with the proposition $\frac{z}{b^z} < 1$.
Aagin, this proposition is true at $z = 0$ in the same way, and has the same limit $0$ out to infinity, and some maximum value where the derivative is zero:
$$\frac{d}{dz}\frac{z}{b^z} = 0$$
$$\rightarrow\frac{b^z - zb^z\ln b}{b^{2z}} = 0$$
$$\rightarrow b^z - zb^z\ln b = 0$$
$$\rightarrow b^z(1 - z\ln b) = 0$$
$$\rightarrow z = \frac{1}{\ln b}$$
At $z = \frac{1}{\ln b}$, the function's value is $\frac{1/{\ln b}}{e^{1/\ln b}}$. As long as this is less than 1, then the proposition we are trying to prove is true for base $b$:
$$\frac{1/{\ln b}}{e^{1/\ln b}} < 1$$
Raise both sides to the power of $\ln b$:
$$\left(\frac{1/{\ln b}}{e^{1/\ln b}}\right)^{\ln b} < 1$$
$$\frac{1/\left({\ln b}\right)^{\ln b}}{e} < 1$$
$$\frac{1}{e\left({\ln b}\right)^{\ln b}} < 1$$
$$\left({\ln b}\right)^{\ln b} > \frac{1}{e}$$
At this point we could treat ${\ln b}$ as a base, and take the log in that base of both sides but that doesn't seem to lead to any obvious separation of variables.
Never mind, we can switch to numeric techniques for probing different values of $b$.
It is true for $b = 2$, and hence the proposition holds for base two logarithms. It also holds for $b = 1 + \epsilon$ for various small $\epsilon$. The limit appears to be 1. $\left({\ln b}\right)^{\ln b}$ appears to approach 1 as $b$ approaches $1$ from above, and it is $1$ at $b = e$. Between $1$ and $e$ it hits a minimum, but not lower than $1/e$. After $e$ it increases.
So it look like $\log_b x < x$ holds for all bases $b > 1$.