HOUSINGNEWS REPORT
FEATURED ARTICLE
2016 Residential Sales Dollar Volume by Property Type
Single Family Residence
Condo/Townhouse
Multi(2-4 Units)
Multi 5+
$1,600,000,000,000
$1,400,000,000,000
$1,200,000,000,000
$1,000,000,000,000
$800,000,000,000
$600,000,000,000
$400,000,000,000
$200,000,000,000
$0 2000 2002 2004 2006 2008 2010 2012 2014 2016
As Tesla production capacity increases, said Musk, “what really matters is the factory, the machine that designs the machine … becomes actually of greater significance, much greater significance than the machine itself. That’s where we have most of our engineering team working on. So sort of an internal code name for the factory machine that builds (the) machine is the alien dreadnought.” You can bet that the “alien dreadnought” will include lots of robots, software, and AI in general. And that’s great. But what about workers? “The overarching goal is to get past the limits of human speed,” explains Matthew DeBord, writing in Business Insider.
“A fully automated factory could, in Musk’s thinking, be operated by a few human experts, but otherwise, raw materials would go in one end and finished cars would roll out the other. In between, robots would do everything, at very high speed — speeds too dangerous to risk around frail human bodies.” when job opportunities grew, wages rose, home values went up, and profits increased. The idea was that a rising tide really did raise all boats — comparisons between productivity and wages show they tracked closely between 1948 and 1973 according to the Economic Policy Institute (EPI). In fact, during this period It used to be that an expanding economy was equated with good times, a period
EPI reports that productivity rose 96.7 percent while wages grew 91.3 percent.
What happened between 1973 and 2015 was very different: Productivity grew 73.4 percent while wages rose just 11.1 percent, according to EPI.
What if this trend continues?
In San Mateo, Reali has just received $5 million in Series A funding. What does Reali do? It’s a real estate brokerage that offers “data-driven insights across the complete lifecycle of buying, owning, and selling a home. Reali’s technological platform and app-driven approach fits today’s mobile lifestyle, and makes
JUNE 2017
ATTOM DATA SOLUTIONS • P9
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