Well, in the extreme case, human extinction seems like a pretty bad thing.
Humans are the second most populous animal on the planet. We are in no danger of extinction.
human extinction is far more likely if we keep reproducing than if we slow down. See: climate change etc
a large organism (human populaton on earth) reaching equilibrium and ceasing to grow does not equal to human extinction... it far more likely is just a temporary contraction that will then reverse when the conditions are set for it.