I could imagine this becoming in reality. Maybe in 2 or 3 world wars and 100 more genocides there might be a society emerging like this.
It is obvious that this society is superior. It is also obvious that it is impossible to achieve for any culture that is living today.
We are already optimising and automating a shit ton! And we could already rest more than 100 years ago. Instead we just consume more.
I have like four different pairs of trousers, a 75 inch flat screen tv, a laptop, a tablet, a phone, a smart watch, and I eat meat like three times a week ( which is even low compared to my kin ). Stuff breaks all the time and a buy new ones.
My 80 year old uncle told me they did usually not eat meat when he was a child. They had two eggs per week, which were used for baking. And they were not poor. A normal household.
If we would consume as much as 100 years ago, I bet we could send half the work force into life long vacation!
My other bet is that our wealth will rise the more we automate, but we will still be working the same amount to afford our future wealth.
Becoming a solution architect in my field of work and thus earning more money.
Hope I could inspire you!