France: What consequences of the fact that social welfare is more generous than in the other euro-zone countries?

Social welfare (government spending on pensions, healthcare, families, housing and labour market) is far more generous in France than in the other euro-zone countries. This has led to a higher tax burden on households and companies, and in particular to higher social contributions paid by companies. So what are the consequences on the French economy of this asymmetry between France and the other euro-zone countries? There may be: A loss of competitiveness for French companies given the higher total labour cost, leading to market share losses; Lower wages in France, offsetting the higher level of social contributions paid by companies; A lack of transmission of increases in labour costs to prices, which maintains price competitiveness but worsens profitability. We can see the first (loss of competitiveness) and the third (loss of profitability) consequences of the high tax burden on companies, but not the second (fall in wages).