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Friday, Feb 23, 2024

WGA strike costs CA $2.1 billion

The WGA strike will cost the California economy a projected 37,700 jobs and $2.1 billion in lost output through the end of 2008, according to a report from the Milken Institute. The report, released Thursday, also asserts that the 100-day work stoppage helped tip the state into recession earlier this year. The researchers said the strike’s impact will be less noticeable next year unless the Screen Actors Guild strikes — in which case the impact will intensify and the recovery will be delayed by another year. SAG’s current contract expires June 30. Guild is in the 24th day of talks with the majors but has not yet set a strike authorization vote. For the full story visit http://www.variety.com/article/VR1117986933.html?categoryid=2821 & cs;=1

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