The Composition Shift
AI doesn't shrink the surviving agency's revenue - it changes what that revenue is made of.

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The mechanism
The chart shows the makeup of agency revenue over time, with the total holding at 100 percent. The red band - hands-on execution work - shrinks as AI absorbs it piece by piece. The green band - judgment work like advice, positioning, and decisions that carry real consequences - grows to fill the space. The outside line looks unchanged, but underneath it's a different company; AI takes the part you could have handed off anyway.
Part of Positioning. Who you are for and why you are the obvious choice.