3 ms·
I think people are underestimating how much the cost of energy impacts inflation. It used to be primarily labor costs, and labor/wages is still a major part.
by aeternum 4y ago
I think people are underestimating how much the cost of energy impacts inflation.
It used to be primarily labor costs, and labor/wages is still a major part. However with automation some labor is being replaced by automation and thus converts what used to be labor cost to energy cost.
European countries are not in great shape from an energy POV.
- onlyrealcuzzo 4y agoAnd yet solar radiation falling on just 1% of Spain, Italy, & Greece - even in the Winter - can power >50% of Europe (and >100% in the Summer). Europe already gets ~12% of its energy from Nuclear, ~5% from hydro. Solar energy will not be a problem in the future - neither will sourcing the remaining 33% of energy from other renewables, nuclear, and fossil fuels.
- rank0 4y agoI don’t understand how you can be so optimistic about energy security in Europe. They’re in the midst of an energy crisis right now… The infrastructure they have now is literally insufficient.