Post-scarcity is a theoretical economic situation in > which most goods can be produced in great abundance with minimal human labor needed, so that they become available to all very cheaply or even freely.[1][2]

Post-scarcity does not mean that scarcity has been eliminated for all goods and services but that all people can easily have their basic survival needs met along with some significant proportion of their desires for goods and services.[3] Writers on the topic often emphasize that some commodities will remain scarce in a post-scarcity society.[4][5][6][7]

It can mean that if you cherry-pick your clauses, but if you actually take the entire text into account, you are absolutely wrong. Tell me what "basic needs" are met cheaply or freely to the general population of the planet? And I mean all of us. From the children in Beverly Hills to the grandparents in Mozambique. Food, shelter, water. At a bare minimum, those three are available cheaply to everyone on the planet on a post-scarcity planet. We absolutely do not live on one of those at this point.