Throughout human history we were never given the choice. We were forced into it like cattle.
See a lot of people on this site doing it willingly. I think a lot of people will always choose perceived convenience over anything
You are correct; however, it should be noted that even the top 1% overworks themselves to some extent (e.g. American CEOs work on average 63h per week). They do it for a different reason, though.
You could always choose to work less, but would have less as a result.
These days, that choice is more viable than ever, as the basic level of living supported by even a few hours a week of minimum wage affords you luxuries unimaginable 50 or 100 years ago.