Cost of the Writers Strike

Posted By: Dr. Frugal in Economics on 11/21/2007 at 07:13:02

Apparently the cost of the WGA strike could be as high as $21 million a day. Because so much of the local economy is based on active filming the strike is apparently putting a lot of people in semi-related industries out of work. According to the LA Times, "Depending on how long it lasts, the strike could end up inflicting more economic pain than the previous writers walkout in 1988, which lasted 22 weeks and cost the entertainment industry an estimated $500 million. That was the equivalent of a little more than $3 million a day."

I personally could care less since the only show I watch is Lost and they have enough episodes to at least get started. Other than that, Planet Earth is already in "reruns" so if the strike goes on for a year it will have very little impact on my life.

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