Widespread Strikes Take Toll on Economy with Billions in Losses and Slowed Growth

Numerous strikes across industries like auto and entertainment have caused billions in economic losses and impacted productivity, spending, and hiring.

The summer and fall strikes are the most widespread since 1986, with over 75,000 workers now on strike.

The auto strikes alone are estimated to have caused $4 billion in damages and losses for the industry so far.

The loss of productivity and wages from strikes is expected to reduce GDP growth in Q4 if strikes continue.

Strikes could contribute to inflation if wage increases are passed onto consumers through higher prices.