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Versions of this problem and these market reforms took place all over Northern Europe, creating what is now called the “flexicurity” model, combining flexible labor markets with a strong and generous safety net.

Mr Macron's latest comments came on Wednesday at an event in Copenhagen in which he reiterated his admiration for the Danish "flexicurity" model.

Now, she is negotiating the next phase of “Flexicurity à la francaise”: An overhaul of the nation’s inefficient skills training programs, as well as a recast of unemployment programs to expand benefits to self-employed entrepreneurs and tighten controls on jobseekers.

In the 1990s, Denmark began adopting what has been called “flexicurity,” combining policies that promote a flexible economy — allowing creative destruction as needed — with those that promote security for workers.

There is a solution: “flexicurity.”