After the ‘08 financial crisis, the British government (read: taxpayer) paid £500bn in a bank rescue package
This led to uncomfortableness—
Lemon socialism: privatise the profits and socialise the losses
It was a slap in the face to see bankers continue to enjoy large bonuses
despite having caused so much harm.
They felt entitled to profit heavily in the upswing, but turned to us during the downswing ('too big to fail’). They had no skin in the game. They couldn’t lose.
This gives an interesting divide in jobs. Those in which people have skin in the game, and those in which they d0n’t.
Jobs with skin in the game:
Doctor, nurse, surgeon, engineer, lawyer, artist, investor
Jobs without skin in the game:
Banker, politician, economist, bureaucrat, journalist