It has been said that the "Pen is mightier than the sword." But, apparently an unused pen is pretty powerful, too. In a study just released by the Milken Institute’s California Center on the 2007 Hollywood Writers’ Strike, it is claimed that the strike will cost California’s economy a staggering $2.1 billion and 37,700 jobs by the end of this year.

The authors of the study, Kevin Klowden, Anusuya Chatterjee and Ross DeVol, say that the writer’s strike was one of the factors that tipped California into a recession.

According to the study, the strike rippled through the economy to the following effect:

Click Here to read the study in its entirety.