Earlier quoted context omitted.
I think you may have misunderstood the article - if anything this is an argument for death marches.
I wonder if the author being a student pushing for a European PhD[1] warps his thinking about this. With a PhD all the reward is at the end. You either make or break. None of the work you do has any tangible results outside of the end goal. Most work isn't like that. The rewards are continuous and ongoing. Meaning every task has captured value. If a loan officer closes 19 loans this month instead of 20, productivity…
I agree with you 100% that most work is not like that at all.
(Btw, most PhDs in Europe do not have required classes or, if they do, they tend to be pretty easy; it's the research component that's hard)