Nearly 11 months into the war with Hamas, Israel’s economy is struggling as the country’s leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict.
lol. Israel’s economy depends on immiserated Palestinians coming over the border to do low-paid work. Like how US food production depends on Mexican farm laborers who get paid less than min wage. Wtf did they think was gonna happen?
Their credit rating is gonna take another hit. They were explicitly told by the people that come up with those ratings that a war with Hezbollah is going to hurt their score immensely.
Investors are going to try to leave and people will have even less confidence in their bonds.
It must also be a bit worrisome for investors that Hezbollah, Hamas, Houthis, and Iran can and will fly drones into your offices or data centers. I would imagine a lot of hiring freezes and pulling assets out especially for the tech sector, compounded with lack of labor including from Israelis that reasonably don’t want to be in a country that is poking every bear in its neighborhood
Hey thats not true! Israel also heavily relies on a network of indentured servants from places like Thailand. They mostly bailed after October 7th and aren’t likely to ever return in the same numbers. They are treated like shit in Israel and are usually shacked up in hot, depressing storage containers with no AC. You’ll never see an actual Israeli tilling a field. Nope, they just burn fields
lol. Israel’s economy depends on immiserated Palestinians coming over the border to do low-paid work. Like how US food production depends on Mexican farm laborers who get paid less than min wage. Wtf did they think was gonna happen?
Their credit rating is gonna take another hit. They were explicitly told by the people that come up with those ratings that a war with Hezbollah is going to hurt their score immensely.
Investors are going to try to leave and people will have even less confidence in their bonds.
It must also be a bit worrisome for investors that Hezbollah, Hamas, Houthis, and Iran can and will fly drones into your offices or data centers. I would imagine a lot of hiring freezes and pulling assets out especially for the tech sector, compounded with lack of labor including from Israelis that reasonably don’t want to be in a country that is poking every bear in its neighborhood
Hey thats not true! Israel also heavily relies on a network of indentured servants from places like Thailand. They mostly bailed after October 7th and aren’t likely to ever return in the same numbers. They are treated like shit in Israel and are usually shacked up in hot, depressing storage containers with no AC. You’ll never see an actual Israeli tilling a field. Nope, they just burn fields