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This 100%. The solution problem from Psychology Today:
Improved QOL doesnt always equal happier populations.
I feel like the Solution Problem was the unintended message in the ancient scripts written by Biggie Smalls in his rhythmic allegory: "Mo Money Mo Problems." The base message of the song as it was written is that having more money brings with it the problem of being a target for haters and people who want to take what is yours. Over the years since it was released the conceptual message of More Money More Problems outgrew the literal message of the song tho.
While the song doesnt state it, the message tied to More Money More Problems grew to be used as a way of saying that before a person finds financial security, the increasing of financial income is believed to be the solution to the controlling share of societal problems. However, once a person is living a life with the increased financial income they find the existence of new problems they previously didnt know existed before the solved their financial problems.
The majority of those problems go away if more people had their basic needs met.
Mo Money Mo Problems doesn't refer to money or wealth in the abstract for the community as a whole, it's about an individual making substantially more money than their local peers.
The situation presented by OP is one of a rising tide, that lifts all ships, where as the dynamic elicited by Biggie Smalls is fundamentally one of wealth inequality. If there was both enough wealth to go around, and wealth sharing mechanisms in place, it's not clear that mo money would be mo problems.