France's Macron vows minimum wage hike, other measures in a bid to end 'yellow vest' protests

France Emmanuel Macron addresses the nation — (Image credit: Ludovic Marin/AFP/Getty Images)

In a 13-minute address to France on Monday evening, an unusually contrite President Emmanuel Macron laid out some new "strong measures" to address the "economic and social emergency" gripping the country, exposed by four weekends of "yellow vest" protests. Macron said his government would pay for a 100 euro monthly raise in the minimum, eliminate taxes on overtime pay in 2019, cut an "unjust" tax on small pensions, and ask profitable companies to give workers a tax-free bonus this month. He also said he would travel France to begin a dialogue with mayors, regional civil leaders, trade unions, and other stakeholders in France's success. He did not pledge to reinstate a special tax on the richest French citizens.

It is unclear if Macron's concessions, following his scrapping of a planned fuel tax, will defuse the yellow vest protests. Protest leaders said they would continue taking to the streets, but some analysts said they expect the movement to fizzle as Christmas approaches. It's also unclear how France will pay for the proposals, estimated to cost $9 billion to $13 billion. As notable as Macron's fiscal proposals, however, was his uncharacteristically soft tone. "I take my share of responsibility" for the anger roiling France, Macron said. "I might have hurt people with my words."

The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE

https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Explore More

Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.