The ongoing actors strike in Southern California has raised concerns about its potential cascading economic impacts on the region. Despite Hollywood s significant influence on Los Angeles culture, academics and economists disagreed over how extensively the strikes would be felt given that the industry supported just 5% of employment in the region. During the 2007 screenwriters strike, California s economy lost $2.1bn and some economists predict that this event could also have severe consequences, including damage to economic growth and the area s reputation as a cultural heart of the US.
In context of the ongoing strike of Hollywood actors’ and writers’, a look at the city of Los Angeles, inextricably linked to the film to the American film industry – both culturally and economically.
With actors and screenwriters on strike, Hollywood is shut down for the foreseeable future. Los Angeles isn’t a pure company town, but the industry is inextricable from the city in many ways.
The impact of the actors and writers strikes on Hollywood, Los Angeles, appears to be a critical local issue; however, economists disagree on the strike s extent. During the previous 2007 screenwriters strike, California lost $2.1bn, and the length of the two current strikes will surely determine the financial impact on Los Angeles.