Wasted youth3/6/2023 ![]() ![]() After establishing a brisk, satirical tone through most of the proceedings, the film plummets into heavy dramatics in its final portions, jarring disastrously with all that has gone before. When it is revealed that Myra is only 13 years old, Lewis is condemned as a molester and pervert by the public (his disastrous tour of England during this crisis is depicted in hilarious Tex Avery fashion). Along the way, he falls in love with his second cousin, Myra (Winona Ryder), eventually marrying the girl. The story takes place during the years 1956 through 1958, as Lewis rises to the top of the charts with such hits as "Crazy Arms," "A Whole Lotta Shakin' Goin' On," and the title tune. As played by Dennis Quaid, "the killer" is a very mixed-up individual: a saintly sinner, a world-wise naïf, a skilled performer with zero sense of discipline, a loving husband who uses his wife for a punching bag. !(././././././././././var/folders/34/zq18d8kx7kbgby0j06p_j6t40000gn/T/TemporaryItems/NSIRD_screencaptureui_EM2XPo/Screenshot at 17.01.16.Until its last ten minutes or so, this filmed biography of controversial recording star Jerry Lee Lewis plays like a live-action cartoon. Wolf, M (2012), “ What Hollande must tell Germany”, Financial Times, 8 May. Morsy, H (2011), “ Scarred generation”, IMF Finance and Development, 49(1). Garcia, J R (2011), “Youth unemployment in Spain: causes and solutions”, BBVA Working Paper 11/31, September. The ambition cannot be simply to go back to the good old days of 30% youth unemployment. But it is equally important to recognise where the key structural problems are and to address them. It is important to ensure that fiscal adjustment and structural reforms are socially sustainable to the extent that there is room to mitigate the impact of austerity on growth and employment, this should of course be done – although in some countries the room is limited, or needs to be found by tackling wasteful public expenditures. Most depressingly, this ‘wasted youth’ problem translates into a deterioration of the human capital stock, depressing productivity and economic growth for years to come. But the negative social and economic impact remains severe. Another question is how many of those who are registered as unemployed might be working in the informal sector. Family networks in Italy and Spain, for example, play an important role in providing accommodation and financial support to young unemployed people. Germany’s better coordination between the school system and industry, including via its apprenticeship programmes, pays off.įormal and informal social safety nets attenuate the extent of the problem. Germany’s youth also have a higher unemployment rate than older generations, but their rate is just over 8%.Īusterity hurts, but it’s the underlying structural problems that are the real issue – rigid and distorted labour markets and education systems plagued by falling standards and a growing misalignment with the demand for skills of a rapidly changing and very competitive global economy (Garcia 2011). ![]() But it also noted that in some countries, structural problems clearly put young people at a much more significant disadvantage. The IMF (Morsy 2011) has recently pointed out that the unemployment rate of young people in advanced countries has historically been higher than those of older age groups, partly because they have fewer contacts and less job-search experience. ![]()
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