This trend towards an increase in part-time work inevitably leads to a substantial reduction in earnings. The fact is, however, that there are many full-time workers who, once they have lost their jobs, will struggle to find even part-time work. 
Whether because of their age, their physical condition, their professional qualifications, their geographical location (living in an area where there are no part-time employment options), etc.
In short, we are now witnessing, to our disbelief, a Western society where people are left out on the streets and are beginning to desperately seek out part-time jobs to scrape by. The problem is that these decimated earnings are not enough (and in many cases they are not) to enable these families to put food on the table and pay the rent on a flat in which they are crammed together. But another major problem is the debt that these families have accumulated during the recent ‘golden age’, when the banks and the system led them to believe they were middle class. And there are no part-time jobs that can cover a mortgage, a car and a holiday for which the instalment is still due for the all-inclusive. They will never be able to pay off their debts, and will have to focus their efforts on working part-time solely to buy food and pay the rent for a few years. This is likely to be much longer than would be desirable and than financial institutions are willing to tolerate.
The only priority now for this majority segment of society is to secure a few part-time jobs so they can put a roof over their heads and put food on the table. All other debts are now being neglected. Financial institutions are turning into pseudo-estate agents – acting as everyone’s unwitting money changers, exchanging funds for devalued gadgets and superfluous luxuries. 
And with balance sheets that are extremely difficult to balance, despite the inflated profits they still report.
Part-time jobs and debt default are concepts that, unfortunately, go hand in hand in a climate of credit abuse. And what we used to call the middle class is now tragically and rapidly being transformed into the poor or lower classes. The dreams of millions and millions of people are being shattered into a thousand pieces as they lose their jobs, their mortgaged or indebted assets, their creditworthiness and, in many cases, their dignity. And we are not just talking about immigrants – far from it.
When the economy is collapsing as it is doing, social impoverishment is merely a matter of time in a deeply saddening countdown. Unfortunately, many are already working part-time.