Edit: Changed title to be more accurate.
Also here is the summary from Wikipedia on what Post-scarcity means:
Post-scarcity is a theoretical economic situation in which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely. Post-scarcity does not mean that scarcity has been eliminated for all goods and services but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services. Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.
The rubes need something to collect so they can lord over you. They don’t want an intelligent society. They want something they can game to get big numbers.
In 1980, ‘middle class’ was still defined as one job paying for a family of four. In those days $1 million was still considered a vast fortune. By the time Bush Sr. left office ‘middle class’ was two salaries to support a family and $1 million was what a rich guy paid for a party.