This Ridley Scott movie is OK. It touches on group conflict.
Thirty six hundreds years ago, the Egyptians were faced with a rapidly growing minority in the land who could not be assimilated. Just think of America with many Mexican immigrants or Israel with Palestinians.
From the perspective of the welfare of Egypt, the Pharoah’s choice to enslave the Hebrews makes sense and the Pharoahs preoccupation with high Hebrew birthrates is a mark of a serious responsible leader. Demographics is destiny.
In the group conflict between Hebrews and Egyptians, tens of thousands of innocent people on both sides die.
The protagonist does not want to regard himself as a Hebrew but only comes to the realization late in life (like many Jews).
It does not seem to matter much to the outcome of the story which side was most righteous. In the end, the group most powerful and adaptive will survive and other groups will get flushed down the toilet of history.