French reform?

Millions of French students went on strikes to protest over the government's new job law. BBC said:

Protesters are bitterly opposed to the CPE, which allows employers to end job contracts for workers under 26 at any time during a two-year trial period without having to offer an explanation or give prior warning.

If the old people, such as Chirac, really cares about the youth, why doesn't he step down and give the power to young people?