The problem is going to be if you hollow out the artist ecosystem.
If all low-skill SWE work were to be done by AI, and the only humans in the loop were the ones at the top of their field (The twenty-years-of-experience folks), there would be nobody to replace them after they retire. Because you aren't going to get a lot of new twenty-years-of-experience people, when there are no jobs for zero-to-nineteen-years-of-experience people.
If you're interested in how this has worked out in the physical product space, you can always look at the American rust belt. As it turns out, when you offshore all the low-level, low-margin, low-skill work, you lose a lot of the high-level expertise in the industry.