It was examined. In 1944 in the Beverage Report "Full Employment in a Free Society". It concluded that people not earning sufficient to eat is an order of magnitude more harm than businesses not earning a profit and that the labour market should always be a sellers market, not a buyers market.
"But watch out for technology and automation...that is the part of the equation that has been "solving" the labor problem"
That's sort of the point. However micro-solving the labour problem with automation to drive forward productivity leaves you with a big problem - given wages are the primary source of demand, who are you going to sell the output of the robots to?
The underlying assumption here is always that the private sector provides the jobs. Look at the vacancies vs the number of people without work that want it. Then you'll realise that the private sector is systemically incapable of supplying sufficient jobs to go around. It always stops short. Which means that jobs have to be topped up by the public sector to ensure there are enough to go around.
If there are always 19 bones and 20 dogs, it doesn't matter how good the dogs are at bone hunting. Blaming the dogs for a bone shortage is desperately unfair.