What the Summer of Strikes Means For The Broader Economy

Odd Lots

Bloomberg

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4.4 • 1.6K Ratings

🗓️ 30 October 2023

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

This special episode of Odd Lots was recorded live at the Bloomberg Screentime festival earlier this month in Los Angeles, where the summer strikes by Hollywood writers and actors were a hot topic among panelists and guests. During the event, we spoke with Omair Sharif, the founder and president of Inflation Insights, on how prolonged work stoppages in the film and television industry have impacted the economy, both in California and across the country, and what the recent rise in labor actions means for the US overall.

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Transcript

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0:00.0	Got a business problem? There's a TED Talk for that. Stay updated on everything
0:05.0	business, on TED Business. A podcast hosted by Columbia Business School
0:08.8	Professor Modoupe Akinola. Every week, she'll introduce you to leaders with
0:13.2	unique insights on work, answering questions like, how do four-day work weeks
0:17.9	work? Do will a machine ever take my job? Get some surprising answers on TED
0:22.7	Business wherever you listen to podcasts. Hello, odd-lots listeners, producer
0:28.2	Carmen here. This episode was recorded on October 12th at the screen time
0:32.5	conference in California and before the UAW reached a tentative agreement with
0:37.3	Ford to end their strike. Thanks for listening.
0:49.7	Hello and welcome to another episode of the odd-lots podcast. I'm Joe
0:54.9	and I'm Tracy Alloway. You are going to be listening to a special episode of the
0:59.6	odd-lots podcast that we recorded live at the Bloomberg Screen Time conference in
1:05.7	Los Angeles in early October. That's right. Odd-lots takes Hollywood. We are
1:10.5	speaking to one of our favorites, Omar Sharif of Inflation Insights. We are
1:15.6	talking to him about the macro impact of some of the recent strikes we've seen
1:20.6	the summer from the screenwriters guild, from the actors guild, as well as the
1:24.8	United Auto Workers. Take a listen. Omar is one of our favorite economists that we
1:30.0	speak to regularly on our podcast where we typically cover like markets,
1:34.0	finance, and economic stuff. That's right. And today we're going to try to
1:37.4	join the two worlds of entertainment and Hollywood with more of the macro
1:43.3	economic stuff that we do on a day-to-day basis. Right. So obviously one of the
1:47.2	big macro stories here is the ongoing strikes. We got the news last night. The actors are
	...

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