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Automation Risk Analysis

Will “Economic Advisor” 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%

“Economic Advisor” 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%

“Economic Advisor” 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

  • Explain economic impact of policies to the public.

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

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

  • Teach theories, principles, and methods of economics.

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

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

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

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

  • Supervise research projects and students' study projects.

  • Review documents written by others.

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

  • 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.

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

Technologies & Software

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