: In response to the typical risks that production capacity has to be declined, labor hours have to be reduced, and the cost burden of enterprises has to be controlled, the theoretical community in China has formed a consensus on exploring the establishment of a wage risk sharing mechanism in the fi eld of social law, but currently there is no consensus on what specifi c social security measures should be taken to fi ll the wage reduction gap for both labor and capital. Research fi nds that there are differences in the legal composition of social insurance, social assistance, and social compensation, and there are benefi cial experiences in effectively allocating different social security measures in comparative law to achieve stable employment goals. The study suggests that China should break through the thinking of responding to wage risks with single social insurance or social compensation means, and adopt a legal model of wage risk sharing with a focus on social insurance supplemented by social assistance and social compensation. Based on whether the worker is insured or not, the priority should be given to using the social insurance fund to fi ll the wage reduction gap of those insured workers, and the lowincome nonparticipants should be assisted through social assistance funds. In addition, when government administrative actions affect risk-sharing, social compensation funds should serve as a safety net.