The word "default" is always concerned with the FAILURE to do something. To understand its most basic meaning, look up the financial meaning of the word (which I cannot explain to you here because iTalki would ban me if I used the needed words).
So a "default job" is a job you automatically take if you FAIL to make a different choice.
Likewise, on your computer, "default settings" are settings that you use if you FAIL to make any different choices.