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Actually kWh price is around 30 cents [1], which is similar to e.g. California [2]. I think the problem is more likely to be a world-wide trough in demand (Germ

Actually kWh price is around 30 cents [1], which is similar to e.g. California [2]. I think the problem is more likely to be a world-wide trough in demand (Germany famously relies mainly on exports), combined with the fact that wages have practically been stagnating for the past 20 years [3]. [1] https://www.zeit.de/wirtschaft/energiemonitor-strompreis-gaspreis-erneuerbare-energien-ausbau https://www.zeit.de/wirtschaft/energiemonitor-strompreis-gas... [2] https://www.energysage.com/local-data/electricity-cost/ca/ https://www.energysage.com/local-data/electricity-cost/ca/ [3] Sum all entries in the left column, you'll get 0: https://www.destatis.de/DE/Themen/Arbeit/Verdienste/Realloehne-Nettoverdienste/Tabellen/reallohnentwicklung-quartal.html https://www.destatis.de/DE/Themen/Arbeit/Verdienste/Realloeh...

onlyrealcuzzo 2y ago
> Actually kWh price is around 30 cents [1], which is similar to e.g. California California isn't the world's factory - precisely because it has bad energy policy (if you want cheap energy - i.e. you're a factory).
- twothreeone 2y ago
  The US economy is famously more than 65% domestic demand driven, and according to [1] California is the state with the most manufacturing in the entire US. So it is absolutely a huge factory. [1] https://www.industryselect.com/blog/top-10-us-states-for-manufacturing https://www.industryselect.com/blog/top-10-us-states-for-man... > California stands as the center for manufacturing output in the United States with over 35,000 manufacturing firms and employing over 1.2 million Californians. Since California supplanted New York in 1965, our manufacturing firms have created new industries and supplied the world with manufactured goods spanning aerospace, computers and electronics, and, most recently, zero emission vehicles. from [2] https://business.ca.gov/industries/manufacturing/ https://business.ca.gov/industries/manufacturing/
  - onlyrealcuzzo 2y ago
    Manufacturing is ~10% of GDP in California: https://nam.org/state-manufacturing-data/2021-california-manufacturing-facts/#:~:text=Manufacturers%20in%20California%20account%20for,employing%207.57%25%20of%20the%20workforce. https://nam.org/state-manufacturing-data/2021-california-man... California is only the largest manufacturer because it's BY FAR the largest state economy. Manufacturing was ~20% of German GDP (down to 18.5%): https://tradingeconomics.com/germany/manufacturing-value-added-percent-of-gdp-wb-data.html https://tradingeconomics.com/germany/manufacturing-value-add... If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs).
    - twothreeone 2y ago
      > If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs). That's correct, but what you describe is an intentional continuation of the general trend of transitioning from secondary to tertiary sector, which has been on-going for several decades. Absent any major disasters or wars I suspect it will taper off at a level only slightly higher than California in percentage of GDP in the long term (40-60 years).

onlyrealcuzzo 2y ago

> Actually kWh price is around 30 cents [1], which is similar to e.g. California California isn't the world's factory - precisely because it has bad energy policy (if you want cheap energy - i.e. you're a factory).

twothreeone 2y ago
The US economy is famously more than 65% domestic demand driven, and according to [1] California is the state with the most manufacturing in the entire US. So it is absolutely a huge factory. [1] https://www.industryselect.com/blog/top-10-us-states-for-manufacturing https://www.industryselect.com/blog/top-10-us-states-for-man... > California stands as the center for manufacturing output in the United States with over 35,000 manufacturing firms and employing over 1.2 million Californians. Since California supplanted New York in 1965, our manufacturing firms have created new industries and supplied the world with manufactured goods spanning aerospace, computers and electronics, and, most recently, zero emission vehicles. from [2] https://business.ca.gov/industries/manufacturing/ https://business.ca.gov/industries/manufacturing/
- onlyrealcuzzo 2y ago
  Manufacturing is ~10% of GDP in California: https://nam.org/state-manufacturing-data/2021-california-manufacturing-facts/#:~:text=Manufacturers%20in%20California%20account%20for,employing%207.57%25%20of%20the%20workforce. https://nam.org/state-manufacturing-data/2021-california-man... California is only the largest manufacturer because it's BY FAR the largest state economy. Manufacturing was ~20% of German GDP (down to 18.5%): https://tradingeconomics.com/germany/manufacturing-value-added-percent-of-gdp-wb-data.html https://tradingeconomics.com/germany/manufacturing-value-add... If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs).
  - twothreeone 2y ago
    > If you keep having higher energy than the rest of Europe and the world - you'll keep shrinking your manufacturing as a percentage of GDP (and manufacturing jobs). That's correct, but what you describe is an intentional continuation of the general trend of transitioning from secondary to tertiary sector, which has been on-going for several decades. Absent any major disasters or wars I suspect it will taper off at a level only slightly higher than California in percentage of GDP in the long term (40-60 years).