It’s claimed that our passion for narcissistic pictures is fueling the growth of everything from lipstick to old-fashioned photobooths. Here’s a sector-by-sector breakdown
This article titled “How much is the selfie economy worth?” was written by Simon Usborne, for The Guardian on Wednesday 27th July 2016 14.25 UTC
A disputed economic theory says that lipstick is a harbinger of economic gloom. When times are tight, we’re inclined to buy cheaper luxury goods, so makeup sales go up. But a current spike in sales is being blamed on something more depressing than global recession – namely Kylie Jenner, one of the Kardashian klan. Not just her, to be fair, but the generation of narcissistic celebrities who have turned the selfie into the craze that wouldn’t die – and an economic propellant. We are in the age of the selfie economy, and big business is all over it.