In an ideal situation sure. But thats if:
1) education keeps up with the demands/flavors of the job market
2) education stays affordable.
3) the economy finds ways to value "creative goods" that people occupying the higher levels of Maslow's Hierarchy create. If the music industry is any signifier, this is not the trend.
4) Somehow, some way, a middle class needs to flourish again. The poor can create culture, but don't have the resources to insert it into the economy, and the wealthy manage/own culture. But it's the middle class that is the sweet spot and links the two.
A society that mainly occupies the upper Maslow's Hierarchy, without a demand or infrastructure for monetizing it, is a society of unemployed and poor (but maybe happy?) hobbyists.