Yes, the world can function without jobs of desperation.

The market will find a new fair price that pulls people away from what they want to do into doing the thing that everybody wants them to do.

Luckily there's a mechanism to entice people to give up some of their time and effort to work on things that other people find valuable.

They don't have to be passively threatened with starvation or homelessness or other unpleasantness to make that trade.

Basic income is not enough to cover everything..