How health and welfare funds are reshaped as AGI capability advances.

Read as an executable program — the work decomposed into Code, Generative, Agentic, and Human.
Health and Welfare Funds sits inside a larger value-flow — 1 parent structure it composes into. The hierarchy is grounding, not the story: it tells you which aggregate exposure Health and Welfare Funds inherits.
Health and Welfare Funds is itself composed of 9 parts that flow up into it — the sub-units whose work, summed, is what AGI capability re-prices here first.
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