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by pfdietz 891 days ago
Ah, you mean back when French wages were much lower?

Nuclear (and construction in general) is a victim of the Baumol Effect https://en.wikipedia.org/wiki/Baumol_effect , where the cost of something increases over time if it does not see labor productivity improvement, simply because other sectors of the economy do see labor productivity improvement.

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Inflation adjusted wages in France increased by 33% from 1991 to 2023. During that time the inflation adjusted cost of nuclear power plant construction has gone from around 1500/kWe to 4000/kWe.

It's not just Baumol.