The European energy crisis is mainly one of supply - most of Europe chose to be dependent on Russia for their gas supply despite US warnings that Russia would u

The European energy crisis is mainly one of supply - most of Europe chose to be dependent on Russia for their gas supply despite US warnings that Russia would use that to try and get away with invading neighbouring countries, and now they have there isn't enough gas available and it will take years to build and switch to new sources. (The market was already pretty tight due to a higher-than-expected surge in demand after all the lockdowns.) So quality of living and real-terms wages after inflation have to go down for most people because there isn't the energy to support their old quality of life. It's possible that developers and other Big Tech employees will manage to dodge this, but there's no guarantee of that.