you don't understand service economy let alone AI singularity.
the economy you describe is how things work in 3rd world countries like China.
you're so lost i don't even know where to begin. the governments of the west have been trying to kill the economy for decades ON PURPOSE and they can't even do it.
you should be more worried about getting pregnant than about economic collapse.
if you want to understand how the world works you can always join my site you know and i might explain it to you ...