In actual fact, the loss is still there, it's just further down the chain. The loss comes in the form of people losing jobs to people who trained on pirate versions, businesses being undercut by business in Russia/Asia using pirate versions, companies spending money supporting "customers" who never bought the software. ( And yes, pirates do contact software developers for support with software they never bought. I get it all the time. )
Education should be free. Piracy is beneficial to developing countries - it helps raise far more people out from of poverty than it puts there.