If almost everyone has an iPhone/Telsa, but a few people don't, some people may begin to read it as a signal. In a sense, when veblen goods are popular in a com

If almost everyone has an iPhone/Telsa, but a few people don't, some people may begin to read it as a signal. In a sense, when veblen goods are popular in a community, they have become table stakes instead of status symbols. They're still veblen goods though even if they're table stakes. Because they became table stakes due to their price.