Newsweek Notes Layoffs While War Machine Roars On
Newsweek's January layoff list details the human cost of corporate 'efficiency' while carefully avoiding the macroeconomic elephant in the room: who's still raking it in? In 2023 alone, the US approved over $17 billion in aid and weapons to Israel, much of it flowing to defense contractors. This is publicly available data, easily found. While families lose livelihoods, Raytheon's stock (RTX) saw a
10% jump in Q4 2023, for instance, selling those very 'precision-guided' bombs to the IDF. It appears some sectors are experiencing historic booms while others prune the 'excess.' One might wonder if the endless cycle of foreign aid and military spending diverts resources from domestic job creation, or if the financial stability of Lockheed Martin ($LMT) and General Dynamics ($GD) is considered a
more vital economic indicator than the average American's paycheck. How many jobs could that $17 billion have funded?