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Enlighten us oh great prophet.
Go slow so our little brains can understand.
I'll take a stab at it:
-There won't be another job for him to take (see first point).
-He makes shit money so he has nothing saved up.
-social nets and government help is being systematically wiped out.
-It's the streets now, and for many others like him. Where does this lead? Massive uptick in crime, and a lot of crime everywhere. Everyone is fucked - those who currently care and those who currently don't care.
I'm actually semi prepared for this. My shit paying job is working for a non-profit that distributes food to people who need it, and honestly those who work there have the first access to the resources if they are in dire need. If all of that were to fall apart, and it could, my history is in working in food service and frankly I can get a food service job as well as anyone else. I'm super qualified. It might pay shit, but if anybody can do it I can and somebody will be doing that job as long as any jobs exist.
If the economy collapses completely and there are no jobs, I'm kind of prepared for that too. I've got a .22 rifle with a suppressor and a crap load of ammo that I can feed my family with for at least a couple of years feeding on squirrels and cats and dogs and fuck it humans if I have to. Not that I want to eat any of those things but damn it I'm going to survive. I'm not someone who advocates poaching or breaking laws, but when it comes to survival everything goes out the window. I know how to garden too. I have crazy amounts of filtration capability for water also, not to mention you can just boil it and as long as we're not dealing with irradiated Fallout water, I'll be fine. I could live the next year just in a quarter of the camping gear that I own, no matter what the weather. Birds make good eating too. If everyone's money becomes completely valueless, I'm better off than most.