06.12.2008
Final Tally On Cost of WGA Strike
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News • WGA Strike
A report from Reuters in Los Angeles has calculated that the WGA Strike that crippled the city for months this past winter put the state of California into a recession.
According to the Milken Institute, an economic think tank, the strike cost the city $2.1 billion and 37,000 jobs. This gives SAG and AMPTP something to consider as the June 30 contract expiration date approaches and no deal has been made. A spokesperson for the think tank stated that a potential SAG strike would continue to cripple the economy and slow its recovery.
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