Everybody dismisses the idea of free product. Big brands already hand out free tshirts when it costs them full price to produce, if the production cost were leveled to the ground then companies will be throwing smartphones at you just to see you carry their logo around.

The big crunch of today is housing, because there isn't enough of it, because our pyramid scheme overlords do not make maximum profits if the rest of us have sufficient supplies. The thinking machine will boost supply long before it abolishes human work.