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Automation Risk Analysis

Will “Economic Development Specialist” 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 Development Specialist” 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 Development Specialist” 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

  • 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.

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

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

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

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

  • Review documents written by others.

  • Teach theories, principles, and methods of economics.

  • 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.

  • Supervise research projects and students' study projects.

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

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

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

  • Explain economic impact of policies to the public.

Technologies & Software

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