I am asking this question, because there does not seem to be a modern logical solution.
I hear a lot of people say that socialism might solve a lot of problems, but I don’t think it has any practicality.
Looking at jobs hiring trends, a lot of businesses are almost stopping their hirings, in favour of investing in automation. Which means 5-10 years down the line, “worker owned” might be closer to fiction.
AI is replacing a lot of jobs now and while the trend that new technologies create jobs, I think that jobs might come after 15-40 years.
Are humanity hopeless?
Here is a map of basic income pilot programs from around the world.
Not only has it been studied, the studies have been taking place for over fifty years. Universal basic income is cheaper in practice than the numerous other social programs that help people who either can’t work, shouldn’t work or can’t work enough to afford their needs.
In a lot of cases the people who choose to work less do so because they have children, health issues or dependants.