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Automation Risk Analysis

Will “Economic Developer” 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 Developer” 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 Developer” 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 advice and consultation on economic relationships to businesses, public and private agencies, and other employers.

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

  • Teach theories, principles, and methods of economics.

  • Supervise research projects and students' study projects.

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

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

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

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

  • 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.

  • Review documents written by others.

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

Technologies & Software

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