The Franklin Times -
The nation received two potentially negative economic reports this afternoon. In his monthly press release, the King's Treasury Minister, announced inflationary pressures are beginning to build. The inflation rate for March increased to 5.3% from the February rate of 4.9%. The government had been concerned with the February rate and now it appears the situation may be growing worse. Further compounding the situation is the fact that wages were remaining stagnate. "It is clear that action may be necessary to combat this growing inflation. Our working class already faces inflationary hardships and it appears this burden will grow." The Minister went on to explain that the Royal economic policies will remain in place and any changes will be the responsibility to the next government.
In international news, the U.S., Mexico, and Canada all announced that the Franklin States will have to renegotiate its membership to the North American Free Trade Agreement. The three nations explained that Franklin's membership to the agreement (established in 1994) was temporary. The far-reaching political changes that the nation will usher in with its first democratic election will fundamentally change the status quo. This means that the next government will face an immediate economic crisis when it gains office. Organized labor has already issued statements of opposition to continuing the agreement, which they blame for job losses. Meanwhile, the Franklin Chamber of Commerce issued a statement today urging all parties to support this agreement and to commit now to its continuance.
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6 comments:
We of the Liberal Rights Party will ensure that if the inflation rate increases so will the wages. Those expecially making minimum wage have a hard enough time. Let it be known that we will ensure the protection of the working class.
The Free Conservatists party promise the people of the Franklin States of America that we will make sure that wages will increase on account of the rise of inflation. Our party will find a way to end inflation problems and help the working class as much as possible.
We agree to renegotiatiating with our neighboring countries to a new membership for the Free Trade policy. However we will find a happy medium in order to maintain content of both sides of the issue. We are expecting a huge turn with the new government coming into play this election and we are willing to help the citizens of the country with their major needs.
The Liberal State Party knows how hard it is to live on min. wage. As the inflation rate increases your wages will also increase.The Liberal State Party is there to help the working man out.
How does the Chamber of Commerce feel continuing this agreement will benefit Franklin?
How does the Franklin Chamber of Commerce respond to the claims that the agreement has resulted in job loss?
We of the Buckeye Party have a solution to the growing economic crisis. As to the problem of the stagnate wages, we will raise the minimum wage to meet modern living standards. And we will continue to do so as long as we are in power.
Also do you want to have to continue to raise the minimum wage every few months to meet rising inflation. Also if inflation is not stopped then our money will end up worthless in the world market. The other groups agree to raise the minimum wage, but if you look closely none of them have a solution to solve inflation. We have a simple solution to the problem. We will stop the mass printing of money. If we continue to print money then inflation will also continue to rise. So we will.
Also we will boost our economy to make our products as well as our money worth more in the world market. We will solve the national debt within at least two years, maybe one. We are making an excess of over 56 billion dollars , so we will solve the problem very quickly.
We of the Liberal Rights Party want it to be known that we do not support free trade, but rather that of protectionism. We agree with organized labor that involvement in the North American Free Trade Agreement has caused a decrease in jobs.
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