France and Italy have not accepted wage austerity: Can we see the consequences?

Among the major OECD countries, France and Italy are the only two where income distribution has not become skewed against wage earners, and which have therefore rejected wage austerity. France and Italy have obviously made the right choice: it is inconceivable that productivity gains will not be distributed to wage earners in the long term. But the problem is that other countries have made a different choice. Has this led to negative consequences of the choices made in France and Italy? When we look at: Cost competitiveness and market shares; The situation of industry; Corporate profitability, debt and investment; Structural unemployment, we see that the rejection of wage austerity has been detrimental for France and Italy, even though from a normative viewpoint it is the right choice, because all other countries have made a different choice .