It wouldn't be easy to implement, or popular, and frankly I don't have any idea how it could happen, but it's the only approach I can think of to address the underlying labor supply/demand issues without partitioning society into haves / have-nots, productive / not-productive, Elysium / peasants, etc.
I don't see a convincing solution other than UBI. Sure, it's untested, and the transition is going to be rough. But capitalism isn't going to stop automating jobs. The jobs are going away and I think the easiest way to prevent the negative effects of having a big chunk of unemployed young men of fighting age. When given a choice between extreme poverty and fighting to overthrow your government, the choice is obvious (Syria for example). When given a choice between a comfortable lifestyle (if you budget well) and fighting to overthrow your government, the choice is obvious.
Part of the reason poverty sucks (in a developed country) is that you have to work long hours for barely enough money and then cook and clean and take care of your kids / elders. If you don't have to work, the effective poverty line drops significantly.
Our society already has the wealth distribution issue, and seems to be moving forward without crumbling. If we can drop 40% of jobs without decreasing overall productivity, I don't see why we have to make something up for the unemployable to do.
Also I don't think the West has been progressing much in the last 20 years, especially not compared to Asia. Many parts of Europe and the US is deteriorating, even the wealthier parts, both relativity and absolutely.