Luckily we’re already most of the way there!
Over half of the population has been instrumented already to collect all their behavior data worldwide
That’s been the goal: persistent collection of training data should come out of your day-to-day life in order to bootstrap the action systems that are machine based
The challenge now is that most of that data is based on actions we don’t want machines to do
How this all unfolds is absolutely path dependent.
Hope is kind of in short supply nowadays. Even if your hypothesis of absolute-automation doesn't happen within our lifetimes, things seem to be guaranteed to get worse for people like us. If it does happen... we'll likely never reap any real rewards from it, barring a complete restructuring of our whole society to an extent that has never happened and likely would never be allowed to happen.
Also, there has never been a better time to learn about philosophies that get at the essence of being human and that elucidate precisely how and why our baser characteristics (acquisitiveness, status-seeking, ego, etc) hold us back from being happy. The world we're heading towards will convert desire into suffering more readily than ever before, even as our basic needs are easily met. Philosophy is the cure. And I strongly believe happiness will remain accessible to those who embrace it.