Why doesn't Ruian Xianjiang Shoes Factory buy five insurances and one gold for its employees?

Cost consideration, high employee mobility.

Cost consideration: buying five insurances and one gold for employees needs to increase the labor cost of enterprises, which will increase the operating pressure of some small enterprises.

High employee mobility: For some industries with high employee mobility, such as shoe factories, many employees only work for a short time, and enterprises are unwilling to buy them five insurances and one gold.