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You can have a lot of freetime if you optimize for it by living like a monk on a software engineer salary. However its not an attractive lifestyle so say goodbye to partners and children.
If you live like a monk, why do you need a software engineering salary?
With the modern attention economy, people having free time means money is left on the table still.
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You don't work hard to have a good life, you do it to have a better life than the one yesterday and the day before that. That's just how we define success as a society. An average American from the 1950s was already living better than a king from a few hundred years ago, but we still continued to work and continued to move our civilization forward. That's not a bad thing.
> An average American from the 1950s was already living better than a king from a few hundred years ago.

Arguably, the average “Westerner”, including Americans, from today does not live better than their 50s counterparts.

The average non white-male westerner disagrees
In 1950s, a woman wouldn't even be able to get into universities like Yale.
No, that’s just what shareholders want you to think so you keep working hard at making their lives better.