This occupation has a moderate probability of automation.
$43,220 annual wage
What they do
Set up and operate a variety of machine tools to produce precision parts and instruments. Includes precision instrument makers who fabricate, modify, or repair mechanical instruments. May also fabricate and modify parts to make or repair machine tools or maintain industrial machines, applying knowledge of mechanics, mathematics, metal properties, layout, and machining procedures.
Risk of automation
This occupation is 65.0% likely to be automated. It ranks 358 of 702 occupations analyzed (higher rank means higher likelihood).
People affected and economic value
In the US, 396,200 people have this job. They earn $43,220 per year on average (the mean annual wage). The occupation therefore represents $17,123,764,000 in annual economic value. The mean hourly wage for this occupation is $20.78.
Official growth forecast
This occupation is projected to grow 2.1% between 2016 and 2026. At this rate, there would be 404,600 people with this job at that time.
References and notes
This article uses data from "The Future of Employment" (PDF), a 2013 study from University of Oxford researchers, and US Bureau of Labor Statistics files including Standard Occupational Classification 2010 Definitions (XLS), May 2016 Occupational Employment Statistics (zip) and 2016-2026 Employment Projections (XLS).