Apr 19, 2001
Even a short strike — where only the writers walk out, and for only two months — would be costly for the city, with some 47,000 jobs lost and a decline in income of $2.5 billion, the study says.
The report was commissioned by the Office of Los Angeles Mayor Richard J. Riordan as an independent analysis of the impact of the potential movie and television industry strikes on the L.A. economy. It was written by economists at the Milken Institute, a non-profit, non-partisan economic think tank, and Sebago Associates, an economic and public policy consulting firm.
The Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. It conducts data-driven research, convenes action-oriented meetings and promotes meaningful policy initiatives.