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Yes, because the most important thing in life is to have nice shit and money.

Also, the fact is that people are more productive when they have better work/life balance, as we can see with the high productivity numbers in Europe vs the abysmal productivity in the US and China. If people are paid for their productivity, as you're implying, people working 6 hour days should actually be making the same as someone working 8 hour days, assuming an efficient free market.