Why the Automation Boom Could Be Followed by a Bust

Pretty sure this idea has been sitting in the back of the mind of anyone really thinking about what technology is now capable of. What happens when all of the "drudgery" is taken out of life, and we can't consume any more media?

There's certainly no way you could put 10 billion people to meaningful work if it takes a million to supply all of the basic needs for those people. Even including all the forms of art we pursue, is there enough "work" to be done that we would value all 10 billion people?

I'm still really hoping for the Star Trek timeline. Yeah, we get blown into oblivion in about 30 years, but the recovery looks like a world I'm happy to work towards. I'm really afraid that we're steadily marching towards 1984, though. I don't know that I believe there's much realistic middle ground between the two.