It's indeed pretty spun. Some quick googling shows that real GDP is up 11.5% from 2019-2024, which makes up a bunch of the "effect" right there (obviously data

It's indeed pretty spun. Some quick googling shows that real GDP is up 11.5% from 2019-2024, which makes up a bunch of the "effect" right there (obviously datacenter power isn't directly tied to economic activity as a first principles thing, but like everything else at scale it's going to be pretty darn close). Of the remainder, I get an average yearly increase of... 5.8% over the time period in question. I mean, that's an effect, but it's certainly not a big one.