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The New York Times reports that the writer's who have been on strike since November look like they're going back to work. But the strike probably cost the writers more in lost wages than they'll make from the new contract they signed. So, I don't understand the economic point of the strike.
How much did the strike cost? Los Angeles's chief economist estimated that the strike cost the area $3.2 billion; writers and production workers lost $772 million in wages; and businesses that serve the strike lost $981 million in revenue. And this doesn't count the cost to the economy from New York writers who were also on strike.
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