For one thing, you can copy local businesses and spread awareness in your country for something that the markets didn't even know was missing. I've seen this happen first hand!
But in general, you learn a lot. You learn how much society really shapes an individual. It's different when you experience that first hand, rather than reading a Wikipedia article about a certain culture, or tradition, or something like that.
Not everyone who travels does it for "status" (in fact I would say that people who do that are a vocal minority)
I don’t think anybody stays at $5 a night hostels in Guatemala for status.
Not everybody wants to learn about such things. That's fine, but don't hate on the people who do.
> status fencing by upper middle class people who can't gain status through thoughts or substantive actions
You deserve a bit of a flame for one of the most pompous and vacuous statements I've ever read on HN. What is status? What constitutes substantive? I'll bet my definitions are different to yours!
But living abroad, and especially learning another language and another culture, is something that is really illuminating on so many ways... and you don't have to be rich for that. In fact, most of poor immigrants do just that. The rich one, they call themselves expats.
It worked out for me because I met my wife who was also traveling and came back and lucked into a good job, but that was by no means guaranteed when I left.
Of all the people I met at hostels in guatemala, there was only one that I would say was really privileged, and a lot of people who simply prioritized travel over everything else in their lives.
but then of course, there are people that are living abroad and it's like they are at home, like British pensioners in Spain. And it's also fine, I guess...