This is similar to what Lewis Mumford has said in Technics and Civilization. Basically, more abundance means everything gets cheaper. Unfortunately the wealth created is locked up within a few classes and barely trickles down. Like the farmer who only produces cash crops and has no food to feed their family or the shoe maker whose children have no shoes. Mumford suggests that with such abundance we need "basic" communism which goes further than a guaranteed basic income. People will still have an incentive to work but they'll be spared the starvation and homelessness.
It's hard to get used to an abundance mindset but we're definitely at that point where we absolutely must. It's like pre-AWS and post-AWS: in the former we have to worry about provisioning more hardware and virtual machines and worrying about running out of space (I'm in that situation now where we have a private cloud and maybe 2 more VMs can be spun up and that's it). In the latter situation we would be able to provision as many VMs as needed. Sure your costs increase because you went overboard and provisioned one too many VMs but at least you got to worry about over-abundance rather than scarcity!
It's hard to get used to an abundance mindset but we're definitely at that point where we absolutely must. It's like pre-AWS and post-AWS: in the former we have to worry about provisioning more hardware and virtual machines and worrying about running out of space (I'm in that situation now where we have a private cloud and maybe 2 more VMs can be spun up and that's it). In the latter situation we would be able to provision as many VMs as needed. Sure your costs increase because you went overboard and provisioned one too many VMs but at least you got to worry about over-abundance rather than scarcity!