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According to the NYTimes link, the actual plaintiffs in this lawsuit claimed that employees had lost out on ~3B in wages due to the fixing. Why do you think the
by harryh 13y ago
According to the NYTimes link, the actual plaintiffs in this lawsuit claimed that employees had lost out on ~3B in wages due to the fixing. Why do you think they're wrong in this claim?
- bsder 13y agoBecause there are two pieces to a penalty: 1) Restitution to the parties. $6 billion is probably in the right ballpark 2) Deterrent to prevent the behavior. $6 billion isn't relevant. And, to be fair, $6 billion is the direct damage to people directly employed at these companies. Consider the fact that all salaries in the Bay Area were depressed by this action. That's a LOT more than $6 billion.