Honestly in most nations you would still be working for 1 bitcoin and be fine. Yes, you wouldn't be making a bank in most western nations, but you would still survive. If you are making 20k a year in the USA, that is not ideal and you would be poor, but you wouldn't be the worst situation person, you would still be surviving, and it is a bit over minimum wage. Hell if you have another roommate that also works and makes that much, for a 40k a year, a household could stand, noodles and ramen but it could stand.

This is one of the richest nations in the world, if you look at other places like UK or Germany, it would be about the similar issue. The lower you go, the better life you would have. I am not even making 20k a year, I can tell you that much, and I am middle income in my nation, none of my friends make as much as I make, I am richest among my friends, and yet I am not making 20k a year.