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Automation Risk Analysis

Will “Consultant Economist” be Automated?

Historical Context: Oxford Study (2013)

Ranked #282 of 702. Estimated risk: 43.0%

Directly assessed by researchers as unlikely to be automatable
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AI Exposure Risk

63%

“Consultant Economist” will maybe be replaced by AI.

Based on the cognitive demands, communication requirements, and logical reasoning intrinsic to this occupation according to O*NET data, we project a 63% probability of disruption by generative AI and Large Language Models.

Automation & Robot Risk

15%

“Consultant Economist” will almost certainly not be replaced by robots.

Evaluating the physical dexterity, repetitive motion tasks, and manual labor associated with this role, our analysis indicates a 15% likelihood of substitution by advanced robotics systems.

Personal & Financial Insights

Every occupation has a unique profile. For Economists, the Bureau of Labor Statistics and O*NET classify the day-to-day work broadly as: Conduct research, prepare reports, or formulate plans to address economic problems related to the production and distribution of goods and services or monetary and fiscal policy. May collect and process economic and statistical data using sampling techniques and econometric methods.

Avg. Annual Salary $130,910
Avg. Hourly Wage $62.94
Available Jobs (US) 15,880
Job Title & Hierarchy Code (SOC) Economists #19-3011
Wage vs. National Median
ℹ️

Data is based on the reference occupation: “Economists”

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Core Skills & Abilities

  • Provide litigation support, such as writing reports for expert testimony or testifying as an expert witness.

  • Develop economic guidelines and standards, and prepare points of view used in forecasting trends and formulating economic policy.

  • Explain economic impact of policies to the public.

  • Compile, analyze, and report data to explain economic phenomena and forecast market trends, applying mathematical models and statistical techniques.

  • Forecast production and consumption of renewable resources and supply, consumption, and depletion of non-renewable resources.

  • Teach theories, principles, and methods of economics.

  • Formulate recommendations, policies, or plans to solve economic problems or to interpret markets.

  • Supervise research projects and students' study projects.

  • Testify at regulatory or legislative hearings concerning the estimated effects of changes in legislation or public policy, and present recommendations based on cost-benefit analyses.

  • Study economic and statistical data in area of specialization, such as finance, labor, or agriculture.

  • Study the socioeconomic impacts of new public policies, such as proposed legislation, taxes, services, and regulations.

  • Provide advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

  • Review documents written by others.

  • Conduct research on economic issues, and disseminate research findings through technical reports or scientific articles in journals.

Technologies & Software

  • Camfit Data Limited Microfit
  • Quantitative Micro Software EViews
  • IBM SPSS Statistics
  • Qwen (Alibaba)
  • NotebookLM (Google)
  • Wolfram Research Mathematica
  • C++
  • Python
  • Web browser software
  • MediaWiki
  • Econometric Software LIMDEP
  • MySQL
  • Estimates Delivery System EDS
  • Grok (xAI)
  • Oracle Java
  • LaTeX
  • Microsoft PowerPoint
  • Corel QuattroPro
  • Aptech Systems GAUSS
  • R
  • Global Insight AREMOS
  • Microsoft Excel
  • The MathWorks MATLAB
  • Estima Regression Analysis of Time Series RATS
  • Teradata Database
  • Insightful S-PLUS
  • StataCorp Stata
  • Structured query language SQL
  • Elicit
  • Consensus
  • Microsoft Internet Explorer
  • ESRI ArcView
  • Maplesoft Maple
  • Microsoft Visual Basic
  • UNIX Shell
  • Microsoft Office software
  • Palisade @Risk
  • Statistical software
  • Kimi (Moonshot AI)
  • UNIX
  • Corel WordPerfect Office Suite
  • Gemini for Workspace
  • Semantic Scholar AI
  • Mozilla Firefox
  • Mistral AI (chat/models)
  • Microsoft Visual Basic for Applications VBA
  • Scite AI
  • Timberlake Consultants OxMetrics
  • DeepSeek
  • Perplexity AI
  • Minitab
  • MacKichan Software Scientific Notebook
  • Gemini (Google)
  • IBM Lotus 1-2-3
  • Mistral (Mistral AI)
  • Microsoft Power BI
  • ChatGPT (OpenAI)
  • Microsoft Access
  • Formula translation/translator FORTRAN
  • SAS
  • Llama (Meta)
  • Mathsoft Mathcad
  • Tableau
  • Microsoft Word
  • Microsoft SQL Server
  • Claude (Anthropic)
  • Microsoft Visual C# .NET
  • TreeAge Software TreeAge Pro
  • Nova (Amazon)
  • Microsoft Outlook
  • 10-key calculators
  • Personal computers
  • Data scanners
  • Laptop computers
  • Maintrame computers
  • Desktop computers