Why is there not a trend to work less instead of taking more money? I've wondered that myself now that I'm a father of a 2.5 year old. I would love to take a 2

Why is there not a trend to work less instead of taking more money? I've wondered that myself now that I'm a father of a 2.5 year old. I would love to take a 20% paycut to work 4 days instead of 5. I'd take an even bigger paycut to work 100% remote because I could leave Los Angeles, and live somewhere significantly cheaper, like Colorado or Oregon and still keep reasonable hours. If I lived internationally, things get more complicated with timezones and infrastructure, but the cost of living gets much cheaper compared to salary in the US.