Why nobody needs economists in their classic form today

I think you remember those times when it was not an easy task to enroll in some small prestigious educational institution as an economist, because of the high entry threshold for this qualification. Everyone wanted to be economists, lawyers, marketers, and mostly medalists and guys with non-blue diplomas went there, so to speak, the most …

Yes, times are not the same anymore. The situation is diametrically opposite now. Economists, in fact in their classic form, i.e. those who just sat at their desk after listening to the theory of economic development of an enterprise, or there the banking sector, for five years, can claim no more than a statistician in the planning and economic department or the same level, only in the office next to the accountant.

There are two reasons for all this.

First of all . Today, the correct organization of economic processes, against the background of current geopolitics and internal political affairs, has not been needed for a hundred years. It is important to be a patriot and, most importantly, to declare this in all and sundry. That's why many people use it, who want to find a job without much worries, especially in the public sector. In this case, no one even pays attention to the qualification requirements. Now these places are all occupied by "patriots". And feeding everyone by printing money is not a problem today. It's just that later everything (the resulting "ass") will be written off to a dysfunctional foreign policy situation and everything will start from scratch.

That is, no one appreciates the influx of money (earning it) in a healthy way now.

Secondly. It should be understood that, in fact, an economist is a certain element of the organizational structure of a business/company, which should be able to make the right decisions that allow the company to earn more or lose less, justifying this with reasoned calculations.

And who or what is solving this problem today?

That's right, automated business management systems. The so-called CRM software for business.

That is, today it is important that an economist, understanding the essence of economic processes, create a program that allows on the basis of primary data, synthetic ones are obtained, i.e. the resulting ones. We entered the source code, received output values, for example, in the form of profit, and made a correct decision, understanding how one affects the other.

It's just that no one needs an economist today, in his classic form. We need a duo, a kind of chain - from a business analyst to a programmer.

The former describe the correct economic process, the latter encode it and turn it into a program, the same CRM.

Unfortunately, there are no other options in the modern world now, and probably there won't be any more.

Or, just switch from an economist to a business analyst if you don't want to come into contact with coding.