I should probably do something about this breaker box in my shop.
People don't want gov't oversight, then we see $#!+ like that. And there is code and then there is safe/smart.
That sub panel is designed to be used as a remote off an existing breaker panel, not directly off the meter - you want to be able to turn off power from the meter without having to call the electrical company to turn off the meter/turn meter back on. It can be solved by having a. an electrical disconnect box (panel with 1 breaker of say 60A) which would in turn connect to your current load center. or b. the panel with main breaker and spaces for additional breakers. Without main breaker, you have all the current the meter could supply available to the panel, and there are way more than 60A of breakers in that box. And the wires to the main terminals don't look anything required for the breaker in that panel.
Federal Pioneer breakers aren't available anymore! - my house dates from '95 and I want to do a couple more renos without having to replace the main panel and I know the panel downstairs is FP stab loc. And now having read the details about FP, I'm even less happy.
For breaker wiring, there 5 normal cases:
14/2 for 115v/15 amp normal wire for 90% of household wiring here in Canada; black wire plugged into 15A single pole breaker in panel, white and copper wires connected to appropriate bars on back of panel. No more than 6 disconnects on the circuit.
14/3 for 115v/15 amp primarily used for 3 and 4 way switches.
12/2 for 115v/20 amp heavy duty circuits with standard 2 or 3 pin cord; black wire plugged into 20A single pole breaker in panel, white and copper wires connected to appropriate bars on back of panel. Note: you must have at least 2 outlet boxes on the 20A circuit if using std outlet boxes
10/2 for 230v/30 amp circuits e.g. my jointer, where you just need 230v power. Black and white wires plugged into 30A double pole breaker, copper wires connected to appropriate bars on back of panel (I like to add a little black electrical tape on both ends of the wire to show that instead of being a neutral wire, it is in hot). Required special 3 prong plug to ensure nothing gets damaged.
10/3 for 230v/30 amp circuits, where you just need 230v and a little 115v power. Black and red wires plugged into 30A double pole breaker, white and copper wires connected to appropriate bars on back of panel Required special plug to ensure nothing gets damaged. Required special 4 prong plug (black and red = 230v, black and white = 115v to ensure nothing gets damaged.
Everything above is heavier wire for more current and breakers to match.
So, red wires should NEVER be wired to a single pole breaker. And you shouldn't be wiring multiple circuits to a 30A breaker, just to save purchasing a couple breakers.
The issues with lack of support/exposed romex/missing cable clamps at box are already noted. I'd replace the panel and properly connect all the wires.
Note: For my garage, the sub panel is for the outlets in the garage; the lights come off the main panel and very specific circuit at that. That way, even if I trip the sub panel beaker, the lights remain on - important when running table saw.
*Double pole breaker is what Eric calls twin with each hot leg are physically interlocked to ensure that if one leg trips, it also opens the breaker for the other leg. Incorrectly wired 230v is probably the most dangerous "feature" of that box. 1/2 circuit could trip, appliance would stop and you would think circuit it off, but other side would still be hot. Mismatch between wire size and the breaker is 2nd. Everything else just needs a little clean up.