Reprinted from The Los Angeles Times by Anousha Sakoui on October 22, 2020.
The COVID-19 pandemic has taken a big toll on California’s creative economy, causing the loss of an estimated 284,000 jobs in fashion, entertainment, digital media and arts institutions, according to a new report.
Counting indirect job losses as well, the state shed an estimated 678,000 positions from February through August, independent research firm Beacon Economics concluded in a study for the Otis College of Art and Design.
The job declines cost an estimated $58.4 billion in lost labor income and shrank the state’s total economic output by $160.7 billion during the six-month period, the Otis report said. …