I wish we as a society would just accept less work as productivity increases, but that is not the way the system is setup to work. One positive thing is that we do end up with more things as it becomes cheaper to produce them.
This 19th rhetoric century doesn't work in modern world, especially when you're talking about creating software. To "produce" most of what HN readers do, you don't need anything more than a laptop and some cloud services — which you would need to scale up proportionally to load, and, therefore, revenue. If you need capital to hire others, it's also never have been more easily available than in the last 10 years.
This would create a fiduciary duty to not soak the customer for everything they've got (no more sky-high public internet egress charges!), but also a structure where the customers of the company are the company's legal owners, so both workers and external customers could technically own a piece of the means of production if they use the services for their hobby projects or business.
I would not be surprised if this comes to exist in the future as people want downward pressure on public cloud prices, and it would be an interesting development seeing legal ownership of "the means of production" (public cloud infrastructure) and earnings from it titled to anyone who uses it.
First there's just the fact that when a significant percentage of a population is unable to participate in an economy in a meaningful way the economy falls apart from within. What's the point in controlling the "means of production" when almost nobody can afford what you produce because they are not generating value within that economy? This is something that the industrial era capitalists (who were generally terrible people, don't read this as me trying to make heroes of them) understood enough to deal with in some proactive ways but which for whatever reason we seem to be mostly blind to currently as we rush toward another inflection point for modern capitalism.
Secondly, there's the reality that when a significant percentage of the population is becoming unhoused and starving there will be revolt and those owning the means of production will be violently eliminated by any means necessary (absent some sort of collective agreement to keep the majority comfortable). Large masses of people wanting for basic necessities for themselves and their families don't just disappear through the cracks like they do on a smaller scale when a relatively small number of have-nots (relative to the whole of the economy) are easy for society to marginalize and ignore.
So it is really in everyone's interest (even the interest of the increasingly consolidated group with the 'means of production') that we figure this stuff out moving forward and sooner rather than later. I'm not confident we will do so before widescale bad outcomes for everyone begin to occur, but when the system begins to become unbalanced enough to start shearing itself apart nobody will be unscathed, so it's rather silly that we aren't already working on real solutions.
In the meantime, AI automation is more likely to increase people's struggle by eliminating a whole lot of jobs.
What does that mean?