Earlier quoted context omitted.
Productivity is not a goal in itself. It is a means to a healthy and happy populace. Europe doesn’t have record breaking GDP but features many of the happiest people in the world. Different values result in different measures of success, I guess
Productivity is ultimately the measure of the efficiency of human labor. The more productive workers are, the more free time they’ll have to do whatever it is they want to do to make themselves happy. In the short term, lagging productivity can be masked by debt spending and other measures, but in the long run, the only thing that increases human wealth and material abundance is labor productivity. Everything else is…
In a profit-driven business, the more productive the workers are, the more work you can throw at them. Free time doesn't enter into the equation unless business owners need to manage a compliance issue regarding labor regulations.