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First, high housing prices and living costs have squeezed people's disposable income. People have to plan their spending more carefully and strictly control non-essential consumption. In this case, the price and convenience of goods provided by e-commerce express delivery have become important factors for consumers to consider. If e-commerce express delivery can provide more cost-effective goods and fast delivery services, consumers may be more inclined to choose online shopping to save shopping costs and time.

Secondly, uncertain employment opportunities increase people's perception of economic risks. In the case of unstable employment, consumers will be more hesitant about large-scale consumption and tend to choose relatively low-priced goods. The numerous small commodities and preferential promotions in the e-commerce express delivery industry can often meet this consumer demand. At the same time, the flexible employment model of e-commerce express delivery, such as couriers, sorters and other positions, provides certain employment opportunities for some people facing employment uncertainty.

Furthermore, the increase in the macro leverage ratio reflects the debt level and financial risks in the economy. This may lead to adjustments in monetary and credit policies, thereby affecting the financing costs and operating environment of enterprises. For e-commerce express delivery companies, changes in financing costs may affect their expansion speed and investment in improving service quality. At the same time, macroeconomic instability may also lead to a decline in consumer confidence, which in turn affects the business volume of e-commerce express delivery.

In short, although high housing prices, living costs, employment uncertainty and changes in the macro leverage ratio do not directly affect the e-commerce express delivery industry, they have indirectly had a profound impact on the development of the e-commerce express delivery industry by affecting consumer behavior, business environment and the overall economic situation. In future economic development, we need to pay more attention to the interaction of these factors to promote the healthy and stable development of the e-commerce express delivery industry.