Assuming that humans are the focus of demand, the economy should rebalance as human labor based jobs shrink. There is definitely a short term horizon here and

Assuming that humans are the focus of demand, the economy should rebalance as human labor based jobs shrink. There is definitely a short term horizon here and a long term one. The long term one is pretty wacky and probably no one alive right now has the mental capacity to understand or discuss it in any meaningful manner besides what is written in science fiction novels, and it probably is a post-human era. You are right, there are still tons of problems to solve. Even those with a high standard of living continue to spend a large portion of time doing things they don't want to at home and work. There is a dichotomy between a reduction of wages and all prices rising beyond affordability. Trillionaires turning the entire world in to giant ranches and using raw materials to build the biggest yachts permitted by the laws of physics seems like a stretch. If we apply what happened to computing to other areas, and perhaps it isn't possible for everything but I imagine there are renewable/sustainable substitute goods for many things, prices should drop while power and quality increases by a lot. Deflation is scary to the "old school" because all government budgets are based on borrowing money while the economy aka GDP keeps getting bigger and bigger. There is a lot of pressure all over the world in government policies to create inflation. Prices are all relative, but messing with functional markets at best accomplishes nothing and at worst causes an incredible amount of misery. The other trend with job losses is that fertility rates in the developed world are dropping. The US continues trending down. Countries such as Japan are well in to their aging. There are going to be fewer people to do even the bare minimum required jobs to maintain existing infrastructure much less accomplish new things.