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Automation Risk Analysis

Will “Trade 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%

“Trade 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%

“Trade 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

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

  • Supervise research projects and students' study projects.

  • 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.

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

  • 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.

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

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

  • Explain economic impact of policies to the public.

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

  • Review documents written by others.

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

  • Teach theories, principles, and methods of economics.

Technologies & Software

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