The labour market would be revolutionised. France would start growing rapidly again, leading the way in Europe. Tech entrepreneurs would flock to Paris, along with the bankers fleeing the City, while companies from around the world would be relocating to newly invigorated industrial hubs in Lyon and Toulouse. That anyway was the script when the centrist reformer Emmanuel Macron was elected to the French Presidency.
Today we saw what the Macron revolution would actually amount to as his government finally unveiled his major set of labour market reforms. Predictably enough the major trade unions have already said they will oppose it, and the riot police will no doubt be standing by with their water cannons and batons as he tries to get the package through Parliament.
But Macron’s real enemy is not the street protesters.
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