Where generative AI functions as a co-pilot and assists with specific tasks, agentic AI marks a shift towards independent task execution. The Allianz report states that up to 60% of jobs in developed economies could be affected. Some may be partially automated, some tasks may be shifted, but it is also possible that some jobs will be completely replaced.
Agentic AI therefore goes a step further than GenAI. It executes complete workflows without human intervention: from customer support and HR tasks to accounting, planning, and even legal analysis.
Risks for employment
The researchers show that in sectors such as finance, ICT, and real estate, software investments directly lead to reduced labor demand. In contrast, data from Germany, Spain, and Poland indicate that investments in broader capital goods, such as machinery and infrastructure, are still associated with job growth.
However, agentic AI elevates the discussion to a new level: the degree of autonomy is so high that existing models of work distribution, compensation, and human involvement are under pressure.
Economic potential versus social costs
The economic impact is undeniable: the report estimates an annual global added value of $2.6 to $4.4 trillion in the next five years. At the same time, the authors warn of underreported side effects such as:
 
- Increasing inequality due to declining labor incomes
- High investment thresholds that primarily benefit large companies
- Environmental pressure from increased energy and water consumption in AI data centers
These tensions call for policies that can unite innovation and social cohesion.
What can entrepreneurs do with this?
For entrepreneurs, the key lies in strategic adoption. The profit lies in working smarter and more efficiently, provided there is attention to human capital. According to Allianz, companies should focus on:
 
- Hybrid team composition: people and AI working together
- Thinking ahead in reskilling: training employees for AI-supported roles
- Ethics in business operations: transparency and involvement remain essential
Companies that invest timely in the responsible integration of agentic AI can strengthen their competitive position and contribute to a healthy labor market.
Policy: waiting is not an option
The report emphasizes that governments and companies should not rely on a 'natural correction' of the labor market. Allianz advises, among other things:
 
- A universal AI insurance against job loss
- Tax on AI usage instead of output (as proposed by the OECD)
- Profit sharing through employee participation or AI contributions to social safety nets
Without intervention, AI-driven transitions can lead to structural mismatches in the labor market.
Conclusion: technology is no excuse for passivity
The Allianz report makes one thing crystal clear: agentic AI is a structural game changer. Not only in terms of productivity but also in how we organize, reward, and protect work. Entrepreneurs who make choices now regarding responsible AI adoption can set an example. Or, even better: gain a head start.
