gjdickens

I'm surprised drinking culture hasn't been mentioned more here. As an American who when to an American university, I had no friends who were non-American. When I reflect on the reason for this, I do remember meeting students from other countries but they had different priorities than myself and my group of friends at the time so we never really clicked. (our priority was to go out and drink as often as possible - 4 days per week usually) For someone coming from a country where alcohol is consumed in moderation from young ages, I can see how this would be an unappealing scene to get into.

Shareholder Theory is not the only lens to view the responsibilities of a business. Stakeholder Theory describes a much wider range of accountable parties including employees, communities, government, and the environment. Under Stakeholder Theory, a company would indeed have an obligation to its employees and community to train new workers. (see corporate governance in Germany as an example)

This is an important point - there is a point where TransferWise becomes more expensive than WorldFirst or a bank, but it is for much higher volumes than most people will be sending on a regular basis.

On average I send between 500-1000 GBP to USD per month on Transferwise and pay 2.50 - 5 GBP in fees. Compared to a wire at a bank that charges 30 GBP fixed + a % on a sliding scale depending on the amount, it's not really competitive until you get over 10k per transaction. But then at that point you can contact TransferWise customer service to negotiate a better rate.