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Automation Risk Analysis

Will “Labor 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%

“Labor 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%

“Labor 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.

  • Teach theories, principles, and methods of economics.

  • 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.

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

  • 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.

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

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

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

  • Review documents written by others.

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

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

  • Explain economic impact of policies to the public.

  • Supervise research projects and students' study projects.

Technologies & Software

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