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Automation Risk Analysis

Will “Economic 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 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 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

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

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

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

  • 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.

  • Explain economic impact of policies to the public.

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

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

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

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

  • 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.

  • Review documents written by others.

  • 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.

Technologies & Software

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