Nah there's definitely another option and that's to abolish capitalism.
Did you know that with the automation tech from 10 years ago the world could already have 70% unemployed and yet produce western middle-class living standards for absolutely everyone? The reason it's not done is not that investing in automation doesn't have a gigantic ROI, it's that it's too long-term for capital to care. Also we don't want that kind of power in the hands of capitalists anyway but that's another story. The Diamond Age it's called, I think.