I came here thinking that it will only be about cons of doing the bare minimum. I'm actually pleasantly surprised that you show the other side of putting minimum effort into things.
But for me, I dont I try to strive harder for anything that I do and not perform the bare minimum. I used to be workaholic who used to work 20 hours a day for a company, but found out later that it wasnt really worth the effort when I could accomplish the same result by working smarter and not longer.