Hell, no. Masses work, because they have to.
It's not under threat of violence, it's under threat of sleeping under a bridge and starving. Which, frankly, isn't that far off.
People often spend as much as 30-40% of income on rent alone. Plus, once you stack up all the other basic necessities (which have heavily gone up under inflation), you'll have very small sliver left to allocate to "consumption" in a traditional sense of the word, where you "consoom" for sake of consooming all sorts of meaningless stuff.
Moreover, society is structured such, that you can't really partially retire - say take 5 year sabattical and come back without people perceiving as if there must be something wrong with you.
Most jobs aren't really accomodating of people who just wanna come in 2 times a week. Neither would that support basic necessities and rent except for some select few jobs.