The economy already produces "everything people need" using 10% of the labor force in nations with industrialized economies. It's just that the standard of liv

The economy already produces "everything people need" using 10% of the labor force in nations with industrialized economies. It's just that the standard of living would be at about 1970's levels. I know this sounds hard to believe for some. But today, agriculture takes up about 2% of labor, and manufacturing about 10%. And we consume about 2x what we did per person compared to the late 1970's. So, cut back manufacturing to about 4% of the labor force and use another 3% of the labor force for distribution. Voila, 10% of the labor force is used to sustain a 1970's level standard of living. Everyone else can improve their themselves, create arts, study nature or contemplate the nature of existence (that's sarcasm there).