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Velorien comments on Harry Potter and the Methods of Rationality discussion thread, July 2014, chapter 102 - Less Wrong Discussion
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I'm not an economist, but doesn't that in turn harm the people who are still in the UK, because money is being moved out of the country rather than being reinvested in the UK economy?
On the other hand, work is being done in the UK, but money is being taken out-- this should lower prices, at least for a while.
The local buyers of competing labor benefit, the local sellers of competing labor lose.
If we're playing utilitarianism globally with decreasing marginal utility, it's a win,
If we're playing nationally, it's likely a loss.