It isn't. I mean, that depends on what "low level code" means. We have compilers so, to an extent, it's something desirable. But if "low level code" means everything we understand as code today, it may not be great. Human languages aren't precise enough for the kind of work that needs to be done.

But let's say it's accomplished. What will end up happening is that AI (should it work to the extent it's been hyper) will replace all the 'fun' jobs and we'll be left with either no jobs (and no income), or the most menial physical labor imaginable.