I agree and I don't have this as my most likely scenario, just one that seems plausible and unfortunate.

Undisciplined

I don't think I worry about this too much... people will always find a way to provide value to each other, one way or another.

But if we take your premise as given, and more people can't earn a subsistence wage in a competitive labor market, then we probaly will end up with more UBI-style social programs, on the logic of:

econ

Scarcity and the Machine: Opportunity Cost in the Age of Artificial Intelligence

I don't think I worry about this too much... people will always find a way to provide value to each other, one way or another.

But if we take your premise as given, and more people can't earn a subsistence wage in a competitive labor market, then we probaly will end up with more UBI-style social programs, on the logic of:
- Their "value" becomes giving them resources so they don't resort to violence 
- Their "value" becomes some kind of moral/aesthetic existence value, e.g. how we want certain things to exist even if we don't plan to utilize them (e.g. I care about the existence of the great barrier reef even if I never plan to visit)