Of course selling a fridge once or twicein the lifetime of a consumer is not the high recurrence business model of sugar-water vendors targeting impressionable children and exploiting their apetite for sugar and instant gratification.
An experienced worker laid off when unemployment is at 9% faces a reduction inlifetime earnings nearly twice that of someone sacked when the rate is 5%: a loss of 20% on average, according to new work by Steven Davis and Till von Wachter.