It's ethnically rational, and morally right.

However.

It's not rational relative to the short-term incentives of a typical corporation or investment vehicle. PE, VC, fund managers aren't paid to give a fuck about the social contract. Literally not in their job description.

> Is wanting low unemployment in our society not rational?

Only conditionally on there being bad consequences for high unemployment.

I don't particularly trust politicians, but there's a whole host of hypothetical scenarios about futures where work is essentially optional. Unfortunately, they're all either in the sci-fi or religion sections of the book store:

Despite people occasionally investigating UBI, the efforts to research UBI seriously have the same problems that Marx had with literal Communism, in that there's an obvious difference between any partial transition as compared to a global transition, and we don't have a completely disconnected parallel world to be a petri dish for us to test the economic outcomes on.

Correct. Unfortunately, that's not how capitalism makes decisions.

[dead]