In addition being on-call (thus sacrificing even more freedom and your time) and required to manage operations is cool only if your company pays you extra for that extra time you're losing. Since this is a more contentious issue I'll elaborate - in the past, companies hired night-shift employees and split the work, not giving a ~10k bump in pay to the day employees and expecting them to keep laptops close to them while they were off-premises.
BTW, if you think you're underpaid as a tech employee, you're almost certainly wrong -- don't forget that the big tech firms colluded to keep wages low not too long ago.
Time is the one resource you never get back (well so far at least).
Anyway, nerds/engineers never think of this stuff, it's why CTOs are the least paid of C levels [0].
[0]: https://www.comparably.com/blog/what-the-c-suite-earns-a-loo...