Problems Analysis In The Development Of The Textile Industry
A textile industry analyst said that the labor costs in the textile industry are still relatively high compared to other industries. Many companies also indicated that the proportion of labor costs in the total costs has increased from 20%-30% several years ago to 50%-60% and there is still a trend of continuous increase. I t can be seen that the overall prospects of the textile industry are positive, and the industry is rapidly developing. However, the profit margin is low mainly due to high costs, including labor costs, raw material costs, equipment procurement, and operating costs, all of which have increased across the board, ultimately leading to various price increases in yarn, greige fabric, and finished fabric. Among them, the main reason is the year-on-year increase in labor costs. In 2020, the annual average wage of non-private urban employees was 97,379 yuan, a 7.6% increase over the previous year, and a real increase of 5.2% after deducting price factors. The annual a...