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On May 11, Zeng Yuping, chief economist of the National Bureau of Statistics, said that in 2020, compared with 2010, my country's population of working age between 16 and 59 will decrease by more than 40 million.

In other words, in the past ten years, my country's labor force has decreased by about 4 million people every year.

1

The furniture industry has struggled in the past ten years

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In the past ten years, we have witnessed the decline of luxury furniture.

European and American furniture has gradually become a niche market because of its large size and high price.

The luxuriously decorated furniture store has no choice but to rely on "events" to attract popularity.

At the same time, online sales of furniture are rushing, and relatively cheap panel-style customized furniture has gained a large market share.

Many well-known furniture brands disappear from the market, which has a lot to do with the shift in consumption of the market.

Most people are willing to buy relatively cheap, relatively small, and space-efficient furniture, rather than high-value solid wood furniture, carved furniture, and artistic furniture that show off their wealth.

2

Manpower shortage in the furniture industry

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Whether it is a general furniture worker or a senior technician, the shortage of manpower in the furniture industry has always been serious.

This is related to a large number of young people who are unwilling to enter the factory, and it is also related to the drastic reduction of the labor force.

The decrease in the supply of labor and the non-manufacturing tendency of employment caused by economic development have forced furniture factories to continuously increase labor compensation in order to retain employees.

In fact, even if the working population is greatly reduced, our country is still facing tremendous employment pressure. In the future, the furniture industry will still be one of the main channels of employment. This is because it is difficult to increase the scale of furniture companies, especially the trend of customization. In the context of the furniture industry becoming more and more obvious, the furniture industry will be more characterized by accommodating a large amount of labor. obvious.

On the one hand, the labor force is not abundant, and on the other hand, it is difficult to increase the remuneration of labor by a large margin. This will be the normal state of the furniture industry.

3

The reduction in the working population has greatly exceeded expectations

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According to the author's tracking of the reduction in the labor force since 2012, by the end of 2019, the announced reduction in the labor force has been reduced by 29.03 million in 8 years.

2012 was the first year in which the labor force declined in our country.

According to the data of the seventh census, the total workforce decreased by more than 40 million in the ten years from 2010 to 2020, which is more than 10 million higher than the previous sample statistics.

In the next ten years, the population at the peak of birth will usher in the peak of retirement, and it is expected that the downward trend of the labor force will inevitably continue.

The furniture industry's business plan based on the growth of the main consumer population can be suspended, and new business plans must be made in the face of the continued decline of the labor force and the substantial increase in the elderly population.