Out of Work.

I am unable to find a copy of this text. "Two bits" would be a quarter. Minus two would mean there's nothing left. Thus, I infer the speaker is addressing a lack of money.... or possibly doesn't have enough. Without the text, I cannot say for sure.

Dear Jill,

Try now please.

Did you ever try livin'

On two-bits minus two?

I say did you ever try livin'

On two-bits minus two?

Why don't you try it, folks,

And see what it would do to you?