As the Hollywood writers' strike enters its second month, Yahoo Finance Live's Akiko Fujita examines how WGA members, business owners, and LA’s economy are all feeling the effects.

Video Transcript

- Meantime, the Hollywood writers' strike entering its second month. And with production on shows and movies at a halt, the financial consequences are rippling through the economy in Los Angeles. Akiko Fujita has a closer look straight from the picket lines in LA.

[DRUM BEATING]

[CHANTING]

- We deserve to live here with dignity.

- One, two, three, four! Stop the strike, and pay us more!

AKIKO FUJITA: One month on, no resolution in sight. The battle between writers and studios at a standstill.

HALEY HARRIS: I'm out here because the companies are refusing to treat us like people, essentially, is what it comes down to.

AKIKO FUJITA: More than 11,000 members of the Writers' Guild remain on the picket lines. Those like Haley Harris off the job to ensure job stability in the future.

Are you worried the longer this continues, what this means for your way of living, if you're able to survive, do you have enough savings?

HALEY HARRIS: Well, unfortunately, the companies have trained a work population that is very used to being unemployed. That is, very used to picking up second and third jobs just to make ends meet.

AKIKO FUJITA: The strike has jolted every facet of the economy here. Production has been shut down, business stalled. The fallout estimated to top $3 billion.

PAM ELYEA: Baby carriages. You know, baby carriages are hugely popular. And they're very specific to a certain time period.

AKIKO FUJITA: Pam Elyea's prophouse History for Hire builds the vision for Hollywood's biggest movies.

PAM ELYEA: This was on "Anchorman," which we really loved doing. This is the style that we used on "Fablemans." This is a prop that we used on the first movie we ever did, "Platoon."

AKIKO FUJITA: She's already laid off four people.

PAM ELYEA: There's not a lot of other options for us. So what we do during this time when we're shut down is, we work on our stock, we maintain it, but every week, we're losing money. Every month, we're losing money on this. And we really estimate the strike will at least go on to the end of September or possibly the end of the year.