Relative to the damage caused, sorry but $3750 (minus the regular income tax that will be levied on top of it) does in fact work out to "essentially zero".
It amounts to basically saying "Yeah, we artificially suppressed wages for years and years, sorry. But take this.... it is about what you would have made working for us for a week (at the suppressed wage level we created, lol!)".
The lawyers will make out really, well, though, which is why I'm generally anti-class action but happy that this decision was made.
Note how the plaintiff's attorney actually argued against this ruling (to protect their very large slice of the bird-in-the-hand pie). If they were acting for the right reasons they would be pushing for a much higher sum (even if it meant more risk) in the hope of causing sufficient punitive damage to the companies involved to really change behavior. $325.4 million split among these companies is peanuts.
It amounts to basically saying "Yeah, we artificially suppressed wages for years and years, sorry. But take this.... it is about what you would have made working for us for a week (at the suppressed wage level we created, lol!)".
The lawyers will make out really, well, though, which is why I'm generally anti-class action but happy that this decision was made.
Note how the plaintiff's attorney actually argued against this ruling (to protect their very large slice of the bird-in-the-hand pie). If they were acting for the right reasons they would be pushing for a much higher sum (even if it meant more risk) in the hope of causing sufficient punitive damage to the companies involved to really change behavior. $325.4 million split among these companies is peanuts.