There is an amount of life fulfillment that comes from working, and many would likely start having mental health issues (as we are seeing with the Covid lockdowns)
Several people I’ve spoken to are in lockdown and still working 10 hour days. They’re definitely less happy than the ones that are receiving up to 80% pay to not work. Their work does not fill their lives with meaning or purpose, and instead prevents them from being able to actually spend their days as they please, as they remain confined to the 8am-6pm work schedule.