For all intents and purposes, we're already here. Farmers are only about 1% of the population, yet they feed us all. Add in house construction and clothing, and there's a very small number of people that provide the rest of us with food, shelter, and housing. That's all we need.
The average westerner has thousands of times more resources than required to exist.
So this scary future where robots rule the Earth and people don't have to work for basic needs? We're living it.
We just found other stuff we like. Stuff like iPods, notebook computers, vacations, stamp collections. Then we make money and trade it around for that stuff.
We'll keep automating, fewer and fewer people will be required to provide for our basic needs, and we'll keep coming up with new stuff we like. I don't see any reason that this pattern is going to change.