few questions, due tonight, easy I supply other student answers
STUNDETS ANSWER
(a) Public Sector unions such as the California Public Employee's Retirement System, or CalPERS, corroborates Olson's argument against unions political influential power. The influential preassure that constituents or interest groups apply over political officials, manipulate and increase the benefits that can be obtained from such preassure. in California, malfunction investment practices were influenced by outside parties and a union leader that failed to increase effieciency, but rather allowed risky investments that led to over expenditure that in the long run would become a taxpayer liability.
(b) (b) CalPERS's members elected representatives to the fund's board of directors who in turn ignore preventive advised over risky investments. It has contributed millions of dollars ti political influential firms in order to practice "social responsible" investments that have accrued millions of dollars in losses and debt. During 1968 the public sector union power incremented, and so did the benefits of CalPERS employees. The increments in retire benefits as well as bad investments, overpassed the social cost that the city was able to pay, creating an ongoing debt.
(c) (c) The crime rates and student achievement scores do not represent an improvement in public safety and student achievement that can justify the high salaries. The social cost overpasses the social benefit.
(d) (d) Olson's analysis explains the process that leads to the economic unbalance, The influential power of unions is slow but effective, and Olson would not be surprised with the outcome. He was able to foresee an effect that is taking place now in different sectors of the economy.
STUNDETS ANSWER
A. Public sector unions have become more powerful in California because special interest groups tend to accumulate over time in stable societies and they eventually reduce the economic efficiency of the economy in which they operate. These groups often rally to obtain large benefits for themselves while imposing costs on the society. They focus on redistribution and are more likely to successfully form than groups that focus and advocate economic growth to a society as a whole.
B. In 1988, The CTA led a statewide push to pass Proposition 98 by running controversial ads. The use of students in these ads brought about success in that they were able to acquire $450 million a year in new funding. The CCPOA endorsed governor Gray Davis in 1998 when he first ran for governor and when he won he awarded the CCPOA 34 percent pay hike over five years. Olson would refer to this as distribution coalition and when this accumulates it can cause economic decline.
C. The crime rates decreased and the students achievement scores increased. This does not however justify the nation's highest salaries and benefits because these increases has left the state in a massive deficit.
D. Olson will not be surprised that Schwarzeneger was unable to defeat union power in California.
STUNDETS ANSWER
A) Public sector unions have become so powerful in California because of the wealth and power of governance in the state. The unions have monopoly power which makes competition low, which gives more benefits to the union itself and high taxes for others. When public sector unions become powerful they can also dominate political systems.
B) California public workers won bargaining rights and quickly learned how to elect their own bosses that is, sympathetic politicians who would grant them outsize pay and benefits in exchange for their support. California’s aerospace industry, fueled by the Cold War, was booming and resulted in an expanding job market and rising incomes pushed the state’s population higher, from 16 million in 1960 to 23 million in 1980 and nearly 30 million by 1990.
C) Violent crime was low as property crime was high. Students’ education increased from 1990 to 2009, with more high school degrees, bachelor’s and advanced degrees.
D) I don’t think Olson would be surprised with Arnold Schwarzeneger not being unable to defeat the union power in California, giving how powerful the public sector unions were.