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Im not saying the 40 hour work week is needed. Maybe you're right about more workers less time. I myself don't work a traditional 40 hour week. Im on a 28 day rotational shift. Of those 28 days, I work 14, the other 14 are off, 7 days in a row every rotation as well. I love it but the days on are 12 hour days.
At the end of the day, a society like that would look a lot different than the our current one. Their would likely have to be some sacrifices. Maybe we decide that fishing in the Bering Strait isn't worth it or no one wants to do it, I guess we'll have to go without Alaskan crab. Maybe you couldn't have a sports car. However, I think people would sooner go out and cut trees than go unhoused. We'll just have to decide what we as a society want to put our efforts towards.
Your full days work presumably creates value for your employer, more than they pay you for. That's what they use to cover their operating expenses and profit. Or maybe you work for a public utility that's in debt. Regardless, imagine a society where all the value created by the people designing and producing Nvidia's chips, Elon's cars and spaceships, and the people mining all the materials for them, which we've decided is worth trillions of dollars, was used by society and in the pockets of people that actually spend it in the economy. A society with a work force like ours should be able to house and feed everyone. We already know there are more vacant houses than homeless people in North America, and we throw out enough food worldside to feed everyone. It's hard to imagine how exactly a society would actually distribute all that to everyone like communism aims to do though, but I don't see why it shouldn't be possible somehow. If everyone had enough to eat, a roof over their heads, and time to do what they want why wouldn't they be alright going without Alaskan crab and other luxuries?