I don't see the Chinese having vacations, great houses, breathing good air and eating quality food. Woe unto them.
Many people don't just work for the immediate monetary benefit. Some like the company or see some value in working there or in that industry specifically, some want to prove themselves in a competitive environment to raise in ranks and see better chances even if the starting position is bad etc. ... Some might even like the rough working conditions because they appeal to their work ethic. Slavery would mean they have no choice but they do and they choose 996.
For instance, they amount for 1/3 of all of Thailand's tourism, the most touristic country in the world.
They do build amazing futuristic condos. Google "shanghai skyline". It takes time though...
And Western food is not always known for its quality: the west gave the world burgers, fries or pizzas.
In the end, I'm sure Asia is doing so well because the West thinks poorly of them and leaves them alone.
Hint: I live in Asia and I'm amazed at how so many westerners don't get Asia.
I know this is true. I also know that most asians don't get westerners.
I think one of these divides might be that each has a different idea of what a high "quality of life" is.
They are now also the Russians of the international luxury real estate market together with the Saudis. I really wonder why some people are so much in denial of these changes.