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Yeah, I've run in that very attitude. I've put in my fair share of 60 hour weeks, but not in recent years, and I'm much happier.
I can't claim to be above it. Almost everyone I know is a business professional and so we're all kind of gauging each other. It's rude to talk money. It's rude to compare kids. All we have left is who works longer. If I work longer, it's because they pay me more to be there. If I work longer, it's because I'm probably smarter than you and so my kid is probably smarter than yours too.
The only upside is that when I don't want to go somewhere, "I'm working" lets me stay home and still implies social importance, lol.
Another element of this is that we used to measure status by how much leisure time people had and now leisure has become a symbol of indolence.