You need to be several levels of delusional as hell to think things can go on the way they are perpetually. We will sooner or later hit a zero point where automation is simply too advanced for a market to function as we know it, because the people needed to be productive will be less than the people needed to be productive. We are heading more and more towards some sort of universal wellfare for a lot of people that simply aren't needed, because as advanced species we recognize human rights and people that aren't born with the capabilities to be intellectually useful for an advanced society don't deserve to die thanks to a life of shitty resources because like I said before, you aren't lucky enough to be useful enough for that society to create wealth and get paid. This is creating most of the crime right now: If you need resources but you don't know how to create wealth, well you are going to take it by force because you need these resources. So if you get stabbed by some desperate person in need of basic resources, don't cry and next time consider if things would have been the same if he had basic requeriments to live a decent life guaranteed.
In 1000 years automation will be insanely advanced, we can now pop houses out of a 3D printer, in 1000 years automation will be insane, we can't even comprehend it now. Only engineers and technical people that can fix the machines if they malfunction will be needed. Most of the stuff that breaks is due programmed obsolence to boot. So get it through your skull: We are approaching a serious zero point within our current system. It may take 100, 1000 years, but it will happen, because we are headed towards it and technical progress only drivers us closer to it.
And lol at needing competition for BASIC RESOURCES to create interesting things. How dumb is that? Do you thing Tesla, Einstein, Bach, DaVinci and so on, where interested on their sciences/art because of that? or because they wanted a lot of wealth? get some perspective there. The notion of how if everyone had their basics needs needed no one would come up with more innovation is one of the dumbest theories of all time. We will always be under treats if you still want to maintain that theory, we are on constant treats of illneses, or even the sun eventually exploding. Our future is in space, colonizing other planets. If everyone had their basic needs meet tomorrow, there would still be people inspired to create good art and there would be people inspired to research and discover unknown things. Only a delusional out-of-touch person would think otherwise.
This guy knows what's up. I doubt it would take 100 years to reach such a state given the rapidly accelerating rate of technological innovation and scientific discovery though.