ECONOMIC GAPS & There are now 2 distinct classes in Britain: Those who own property & those who are getting poorer #DMin

Commentary by Dr. Whitesel: This summer our Doctor of Ministry students in transformational leadership will be spending two weeks in England to study not only John Wesley, but also the emerging gap between economic classes. London is regrettably one of the worlds fastest growing cities for this separation of economic classes. These were also the same conditions John Wesley faced when beginning his ministry in London in the early 1700s. His solution (1. for the church to care for the poor, 2. preach conversion and 3. encourage discipleship in small groups) became the “method” that swept the world. Read this article from Business Insider magazine to find a how similar the times have become.

By Jim Edwards, Business Insider Magazine UK, 2/5/17.

Britain has changed since 1998.

Back then, it only took workers about three years to save enough money for a down-payment on a house. Now it takes 20 years, on average, according to the Resolution Foundation, which published a landmark report on income, housing, and inequality in Britain last week.

In a series of easy-to-understand charts, RF data show that income growth for workers is stagnating while housing costs are rising.

That double-whammy – housing costs and stagnant wages – are now the major source of inequality in Britain.

It is tough to understate how radically this has changed the country. In 1998, most people had a shot at owning their own home. Now a full half of the population – younger people, mostly – have almost no chance of buying property.

That has created two classes in Britain: property owners and people who are getting poorer. And, of course, the poor are largely paying rent to the rich.

Here is how it happened.

Current employment data looks really good. This should be the best of times because the UK is technically at full employment. So what is the problem?

Resolution FoundationResolution Foundation

Weekly wages have gone down significantly in the last 10 years. People have jobs, but the jobs are worse than before. Self-employment is getting worse.

Resolution FoundationResolution Foundation

The growth in all our incomes is in decline, but especially for people in work.

Read more at … http://www.businessinsider.com/inequality-class-britain-property-ownership-workers-income-poorer-2017-2

Speaking hashtags: #DMin