We are heading in that direction. Early 20th century economists predicted that due technological advancement, we'd all be working 15-hour weeks now. But that didn't happen.... partly because stuff was invented along the way that workers want, and they need money to get. Consumerism really took off post WWII.
But if you just consider basics (food, clothing, shelter), things have gotten a lot cheaper. Clothes are basically free now (not necessarily the ones you want). Considering the huge amount of food waste in the system, that's cheap or free too; lack of $0 distribution is a problem. And there are a lot of cheap places to live too, especially if you live at a higher-density like they did 100 years ago. And if everyone doesn't need to end up in NYC/SF for work. So we might in fact be able to have a very leisurely existence, if it wasn't for the consumerism and lifestyle inflation that's occurred for the last century.
Not that everyone will want a life like that. People will always want more than just the basics.