Yes, but the OP basically said in his scenario that employment is dead. Which means that there are no teachers. No learning. No economy, no growth, nothing. If there are no jobs, there is no advancement.
Plus, humans need work. Without purpose, people tend to drift, fall into crime and die early. Work keeps us honest, keeps us alive, keeps us socialized and involved in each other's lives, etc. Would it be nicer if the majority of existing jobs paid more so we wouldn't have to struggle so much? Absolutely, but automation replacing jobs, leaving the majority of humanity unemployed and basically retired from the onset is absolutely not the answer.