Four years ago, I was working full time. That job was automated away, but I found another part-time job that paid minimum wage for fewer hours, so my income dropped dramatically. That job was automated away, and I was very lucky to find a job (that ended up being around double full-time hours, but only paid for half of them, so legally I was paid about half of minimum wage), which went away. Now, I'm working one third of a full time job, for minimum wage. That doesn't even cover living costs, and it's looking like it'll be automated away in the next few months.

As working hours drop and wages tend toward minimum, we do indeed end up in a bad situation.