[protonfish]

I would argue that we already have the technological power to create more than enough economic production for every person. So then why aren't people seeing it? Because the economy is not a magical meritocracy. It is run by people; people who don't necessary feel all warm and fuzzy about sharing wealth. Every avenue of trade has gatekeepers encouraged to limit access. Collusion between businesses and corruption in government keep working wages artificially low, and taxes on the poor disproportionally high. Reality and history take issue with your casual assumption that the rich would find it easy to give poor people free money.

The critical flaw in your position is this: Any increase in personal productivity is meaningless as long as those in power can take as much as they want from whomever they want. Until this is solved, technology will never have an effect on the living standards of the average person.