Yeah..... If you had a job paying decent middle class wages to pay for insanely cheap goods and services.
We would likely still have most of our people on some sort of welfare, but it would not be such a fiscal train wreck as their basic living costs would drop substantially. Sort of like an energy breakthrough that would make electricity so cheap no one would bother to meter it.
Just playing Isaac Asimov there, not trying to provoke a political backlash.