How the attention economy works in the real world
Let's take a hypothetical example of how the attention economy might work in the real world.
Say you have a pizza chain called Joe's Pizzeria. To get more business, you turn Instagram into a platform to get more attention. You might find some local food influencers to post content about your restaurant or advertise directly on Instagram, showing pictures of your pizza or advertising deals.
This business model has become common in the attention economy. Most advertisers on Facebook and Instagram are small and medium-sized businesses, and the targeting features serve them well since they can advertise to specific zip codes and segment demographically according to age, gender, income level, and other factors.
The debate over the attention economy is likely to rage on, but social media and the attention economy that powers it are here to stay. After all, there are over 3 billion daily users of Meta's family of apps, and that number grows every quarter.
These companies have gotten our attention and will continue monetizing it. There are options for individuals who want to opt out of it, but it is almost certainly here to stay.