I actually disagree. That would make things much worse in terms of uselessness of the work done. People who do necessary and mundane work are often capable of deriving a sense of meaning from their jobs. On the other hand, the production of many goods and services, for which demand has to be engineered painstakingly and with great cost, involves many creative processes.
I find a future where everyone is forced to earn a living by maximizing their creative potential a living hell. Creativity cannot be forced and most people are not terribly creative to begin with. The creative professions can take quite a toll on people's mental health.
RE: Welcoming in the debt cycle