Exactly: we are now entering an epoch where work and achievement no longer requires a vast army of low-skill, low-IQ people. There is an exponential rate that occurs as things are automated. At the start, automation is labour intensive (software engineers, content providers, developers etc.). But, as it goes into place and passes through several generations of iteration, it requires fewer and fewer people to keep it going. We live on a planet of finite resources. What we are facing, if current trends are allowed to continue, is the automation efficiently gobbling up the resources to provide for a growing idle global population consuming those resources. Math shows that can't work. 

We need, instead, substantial population reductions, in particular, in places where IQs are low and achievement is low. The planet and time are not on our side for doing this.