Also, I mentally separate long working hours from other aspects of “worker conditions.” You can have low working hours but a toxic and unsafe work environment or a physically safe and supportive work environment with long hours. You can also have high and low pay with various working hours (although typically high pay isn’t supported by low working hours unless the business has some sort of massive moat).
Of course it's possible that insane working hours were why TSMC employees got EUV photolithography working at scale before any American manufacturer did. Was that the key difference between Intel and TSMC? It's a question that I personally haven't seen an answer to.
This wouldn’t be a problem, we just let Taiwan work themselves silly why we share in the benefit by getting better and better computer chips, but that doesn’t work if we want to COMPETE with Taiwan in this area.