But yes, eventually it's just cheaper to create the better working conditions than to pay everybody the extra money :)
Of course it's different for everyone but I would speculate that most people are also strongly motivated by other factors, once money is not too strong a constraint on what they can do.
If you are working 60 hours a week you better be making 50% extra (or get 50% time off at a later data) or you are NOT making good money.
As people get older and have a family they start realizing that they were morons when in their twenties and thirties they did anything other than get boatload of extra money because when you are old, it is money that is needed to optimize time.
True. Once a certain threshold is met.
> and it certainly does not buy you more time
False. Money buys a lot of time. An extra $XX,000 a year invested will have you living off your capital instead of work after Y years. The moment you go from working for someone else to being supported by your wealth you just bought 50% of your waking life back.