That's exactly what would happen. Many people would transition to part-time jobs to spend time with their families/friends/volunteer or civic organizations they are already involved in.
You can see it when an 'Average Joe' gets a windfall. Anecdotal evidence is all I have, but having observed several people inherit money from older relatives who have passed, the general first focus is on creating free time to spend with family and friends. Then they focus on those organizations they are already involved in. Then they focus on fun nonsense like large TV's and dumb cars.
You can see it when an 'Average Joe' gets a windfall. Anecdotal evidence is all I have, but having observed several people inherit money from older relatives who have passed, the general first focus is on creating free time to spend with family and friends. Then they focus on those organizations they are already involved in. Then they focus on fun nonsense like large TV's and dumb cars.