For four decades, Thailand kept more than 100,000 Myanmar refugees penned inside nine border camps, barred from legal employment, dependent on foreign donor aid for food and healthcare. Then two things happened simultaneously in late 2024: the US slashed aid funding, gutting camp provisions, and a territorial dispute with Cambodia sent hundreds of thousands of Cambodian migrant workers home. The labor hole and the funding hole aligned perfectly, and Bangkok reversed decades of policy — not out of humanitarianism, but out of economic necessity dressed as humanitarian reform. The program, now one year old, has placed 6,800 refugees into the Thai labor force across 43 of 76 provinces, in any sector not reserved for Thai citizens. Refugees like Ray Boe earn 400 baht ($12) per day pouring concrete in central Bangkok — real income after years of borrowed rice and shrinking rations. The Thai Foreign Ministry frames this as empowerment, saying it enhances opportunities for refugees while contributing to Thai socioeconomic development. Labor rights groups agree the program is a net positive in principle. But the implementation tells a different story. Many refugees report arriving at jobs with no written contract, only to find conditions, pay, and even the type of work different from what was promised. Akwah left his camp with 20 others for sugarcane harvesting at 250 baht per day; he arrived to find eucalyptus-cutting — harder, more dangerous — at 200 baht, with outdoor sleeping, no electricity, and pond water. When workers protested, the employer's response was blunt: "Just do the work because you are already here." The debt mechanics are especially revealing. Refugees are frequently required to repay employers — through wage deductions — for the cost of medical exams, government permits, and transportation to job sites. They begin work already indebted, sometimes without prior warning. This is a structural feature, not an aberration: the program lacks a clear system for lodging complaints, contracts are not translated into Burmese, Karen, or Karenni, and job brokers entering camps to recruit are unscreened. The three Thai ministries responsible — Foreign Affairs, Labor, and Interior — either declined to comment on these problems or did not respond at all. NGOs including the International Detention Coalition and Karen Women's Organization are working with the government on improvements: mandatory translated contracts, accessible complaint mechanisms, broker vetting, and expansion to more provinces. They remain cautiously optimistic. But the current architecture — no contracts, no complaint system, no broker screening, employer-held debt — is a textbook structure for labor exploitation, regardless of intent. The refugees themselves are clear-eyed about the trade. Mu Dah Hsit fell ill on the job, was denied the health insurance the program guarantees, and had to quit. She still wants to go back. "I have no mother, and a father who is sick, and siblings I have to take care of," she said. "So, I have to go; otherwise, we cannot live." This is not enthusiasm for the program. It is the arithmetic of people with no alternative. The deeper question is whether Thailand is building a path toward refugee integration or simply converting a humanitarian liability into a cheap, captive labor pool. The answer depends entirely on whether the structural reforms — contracts, complaints, screening — actually materialize, or whether the current extractive defaults quietly harden into permanent features.