What if the password manager were in charge of logging you in _directly_, through some new protocol between browsers and PW managers? How could that _possibly_ be more friction? It would be strictly less. Hell, it could be done without even informing the user that this new feature was being rolled out, and they sure as hell wouldn't complain about inconvenience because of a step removed from the login process.
Asking people to deal with more and more and longer and longer passwords is a usability nightmare. It's a absurdity.