That choice happens all the time, it's wild to me you never had it come up irl.
It's really clear when someone is invited to step up in their job and refuse because it would entice more working hours, but it happen as much when people leave full time position because it doesn't give them enough time.
About two months into this job, they offered me a promotion since "you would be perfect for this position." I looked at the schedules of the people who also had that job and they were booked solid all week. It was pretty obvious to me that it would be basically 40+ hours/week of meetings and tons of stress for pretty much the same pay. The bonuses were probably higher, but nothing about it was worthwhile. Yeah, I like money but you'd probably have to double my salary for me to even think about it.
Had two successive managers suggest the job to me. After about a year, the newest one finally took the hint and left me alone.
It's really clear when someone is invited to step up in their job and refuse because it would entice more working hours, but it happen as much when people leave full time position because it doesn't give them enough time.