Most jobs require you to be
available for 8 hours. So you can't work hyper productively and then quit for the day at 2PM. You need to show up for the 4PM meeting as well as the continuous storm of incoming chats.
This is why productivity improvements feel so meh. For people that are hyper competitive and ambitious, it's a way to tackle more and bigger challenges. Fine.
For others though, the benefits do not really materialize in meaningful ways. Maybe you can win some slack/recovery time, but it's not really truly free time. You're still working and on call.
In fact, in quite a lot of teams being productive is actively punished. Say that in agile you do a great sprint, and execute 10 story points instead of the normal 5.
Nice. Oh...so you can do 10? 10 it is then for all the future sprints. Without a pay increase, obviously.