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Automation Risk Analysis

Will “Project 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%

“Project 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%

“Project 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.

  • 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.

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

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

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

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

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

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

  • Review documents written by others.

  • 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.

  • Teach theories, principles, and methods of economics.

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

Technologies & Software

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