The bottleneck is no longer on labor to turn ideas into reality, the bottleneck is imagination itself. It's incredible. The cost to produce/consume going down along with many other facets of the economy translates into deflation.
If you make less money, or work less hours, or only have a single person in your family work - that's ok because money will go further. That's the whole idea behind Star Trek, the first step though was intelligent computers, automation and robots. Harnessed in a way that doesn't backfire on us.