I strongly believe that putting people out of work and allowing them to continue living comfortably will bring hidden benefits. There will be more time to think, reconcile and determine the best path to take as opposed to mindlessly doing as much as possible just to earn enough for bread and shelter.
Bertrand Russell wrote a good essay on this - In Praise Of Idleness: http://www.zpub.com/notes/idle.html
As a software developer, someone who will stay employed in the coming years, I'm willing to give up some of my salary so that the newly unemployed can continue to survive and do what they want with their free time. They pay people in our profession more than enough to live well. Unfortunately, I haven't found a decent mechanism to make such a contribution, aside from helping family and friends. There really ought to be one - a voluntary communism, so to say.