I work for a mid budget furniture manufacturer, we make bedroom furniture out of coated chip and MDF board for many high street shops and even more internet based companies and I can say having been a self employed maker and working in mass production.
You get what you pay for..
However...
If you are getting what you paid for..ie. paid cheap got cheap.. paid a lot got a lot.. then it's all good.
What gets me is when people pay a lot for rubbish.. I've been working with this company for 8 years and in that time I've seen the turnover go up 4 fold and would say the life span of an item in normal use is around 5 years.. but I've also seen repeat purchases after 2 (mainly for colour change) and seen items over ten years old still looking good. These days it is all about the look, old school pine goes to high gloss shine then back again. My own taste is for thick heavy traditional furniture and as such all my stuff is solid pitch pine reclaimed from old buildings. My dining table was a couple of roof beams from a local chapel. But not everyone can build it themselves and these days very few can afford custom made..
There have always been tiers in purchasing furniture, I remember Gillows selling really expensive stuff and MFI at the other end..
After a behind the scenes tour at a stately home a National trust restorer showed me that Chippendale never polished or coated anything you couldn't see, inside draws, under rails were all left as bare timber. Many items were made of pine with Mahogany Veneer added (though it was hand cut thick stuff) Then you move to Utility furniture that had the thinnest veneer ever over pine cores to make the most of post war supplies...
I think it's harsh to judge any company for supplying what people want to buy.
On the other hand miss representing what you are selling to make people want to buy it is wrong.
I wouldn't buy from OFL because the adverts do my head in... but I like the meatballs at Ikea.