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or $52.09 hourly
What is the risk of automation?
We calculate this occupation to have an automation risk score of
30% (Start worrying)
This score is based on the abilities, knowledge, skills and activites required in order to do the job.
We look at 9 key attributes of an occupation which can't easily be automated. The more an occupation requires these, the less chance there is of it being replaced.
Note that some attributes have a greater weighting than others, so even though an occupation might require quite heavily on a few attributes, this might not be enough to give it an overall safe score. The final score has been generated using a machine learning algorithm, trained using human predictions.
If any attributes are particularly important in order to do this job, they will be listed below.
Qualities required for this occupation:
Social Perceptiveness (47)
Assisting and Caring for Others (12)
Cramped Work Space, Awkward Positions (3)
not very important
How likely do you think this occupation will be taken over by robots/AI within the next 20 years?
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How quickly is this occupation growing?
The number of 'Economists' job openings is expected to rise 13.1% by 2030
'Economists' is expected to be a very fast growing occupation in comparison to other occupations.
* Data from the Bureau of Labor Statistics for the period between 2020 and 2030.
Updated projections are due Sep 2022.
What are the median wages for 'Economists' in the United States?
In 2020 the median annual wage for 'Economists' was $108,350, or $52.09 hourly
'Economists' are paid 158.3% higher than the national median wage, which stands at $41,950
* Data from the Bureau of Labor Statistics
How many people are employed as economists?
As of 2020 there were 17,520 people employed as Economists within the United States.
This represents around 0.013% of the employed workforce across the country.
Put another way, around 1 in 7 thousand people are employed as Economists.
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.
SOC Code: 19-3011.00
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