Yeah, and? He thought it was the best solution to the problem. See above about the difference between political theory and political reality.
Second, this doomsday scenario of 50 million people waking up one day to discover..
Don't give yourself a hernia setting up those straw men. No one said anything about people "waking up one day" to find themselves unemployable. The discussion is quite clearly about a problem that develops in the long term.