What would happen if wages were increased significantly in France?

A large part of public opinion in France demands a sharp increase in wages, to be borne by companies and not financed by the fiscal deficit. Wha t would happen if this increase in wages was implemented across all wage levels ? French companies have been able to maintain a high level of investment despite low profitability by running up debt ; they would probably have to reduce their investments; France is already losing export market shares: these losses would be even greater; Low wages in France are already high relative to low-skilled labour productivity: a rise in these wages would drive up low-skilled unemployment even more ; All things considered, the positive effect on GDP would be very weak due to a decline in corporate investment, a deterioration in foreign trade and a decline in low-skilled employment and , moreover , in a configuration where companies have major hiring difficulties .