I've been following some online discussions about the current economic situation.
There are a number of solutions proposed to the economic malaise across much of the developed world, but one idea that captures my imagination is the idea that our current economic situation is making the notion of "full employment" obsolete. By that, I refer to the idea that the economy and society should be radically reorganized so that there is no labor (or radically less labor) for most people to do.
I realize that at present, labor is an extremely important part of life for most people. Many people go so far as to identify themselves with their profession.
Therefore, I would like to ask, if we could reorganize society and reorganize our economic system so that there would be a large class of people who do no work or very little work, would people become happy and well-adjusted to such a system. If not, what sort of problems might ensue.
Please note that I am not asking about the feasibility of implementing such a system, I am asking about individual human beings being able to adjust to it.