Bureau of Statistics: The labor force is decreasing, causing the income of migrant workers to increase against the trend

The Statistics Bureau held a press conference on the 21st to introduce the economic performance of the first three quarters. The National Bureau of Statistics spokesman Sheng Laiyun said that in the past two years, China's population structure is undergoing new changes, especially the 15-59-year-old labor resources. The number, not only the decline in the proportion, but also the absolute amount is also decreasing, resulting in new changes in the supply and demand of the Chinese labor market.

In 2012, for the first time, the number of labor resources aged 15-59 was announced, and the net decrease was 3.45 million. In 2013, this data was continuously published, and the number of labor resources was changed to 16-59 years old, which was reduced by 2.44 million. Since the beginning of this year, the amount of labor resources has continued to decrease due to changes in demographic structure, which means that the structure of labor resources is undergoing profound changes from the perspective of supply and demand.

This change and turning point have two direct consequences: First, the rise in labor costs, including migrant workers, so the wages of migrant workers have continued to rise in recent years, even in the case of a decline in economic growth this year. The average monthly income of migrant workers went up by 10% year-on-year. Second, the pressure on employment has eased. Why is the employment situation better than expected in recent years? Why is employment still maintaining a steady and increasing trend while the economic growth rate is declining? Except for the economy, which continues to maintain rapid growth, especially as the growth of the service industry increases the demand for labor, from the perspective of supply, it is also related to the change in the quantity of labor resources.

We believe that this change is a trend change and a new normal manifestation of the Chinese economy to a new stage of development, because changes in the labor structure will directly promote the adjustment of the economic structure and the transformation of the development mode. From this point of view, although the continued economic downturn has brought some pressure on employment, considering the profound changes in the structure of supply and demand and industrial structure, the carrying capacity of the entire economic operation to employment is strengthening, and the elasticity of the pressure to withstand unemployment. It is increasing.

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