Probably. But is it worth it, for people? I mean, a country would maybe have more valuable companies of they all have slaves slaving away for peanuts. I mean, it would create value, right? Actually we wouldn't have some of the most valuable building in the world if it weren't for slaves (or the next best thing). But again: is it worth it? Do overworked individuals really benefit from living in a country that has the most valuable companies?
I don't think so. How is US tech company's salary peanuts? You can work for sometime and happily retire, something you cannot do in the UK. It is a choice people can make.
The whole concept of Economy is slavery in a way, economy will grow if people work (or increase productivity), something we have to participate unfortunately. There is inflation making sure you will not have enough tomorrow. The only people are making out of the loop is people working in tech industry.
The argument I guess is that more GDP is more prosperity for the country, but with income inequality rising to the level that it is in the US, I don't think it matters much to the average worker that GDP is increasing if they're not getting any benefit from it.