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Hold on. I'm all for ending forced arbitration, but b here is wrong. Costs of arbitration after borne almost entirely by the company. This makes it cheaper to
by joshuamorton 8y ago
Hold on. I'm all for ending forced arbitration, but b here is wrong.
Costs of arbitration after borne almost entirely by the company. This makes it cheaper to bring a complaint. But it creates a conflict of interest where the company never loses. The arbitrator is paid by the Corp, so if the arbitrator rules against them, the Corp will just pick a different arbitrator.
- olliej 8y agoNo, they aren’t - arbitration is hugely biased in favor of the company, to the extent that the only way you can reasonably hope to win is by hiring a lawyer. But then to recover your money (a few grand maybe) you’re retaining a lawyer potentially for months, but because you’re not actually in court your chances of getting your legal fees. This ignores that if you are a low wage employee subject to this kind of contract you are unlikely to be able to afford the initial retention costs. My inclination would be to allow the arbiter to be selected by the employee. If companies really do believe arbitration is fair they should have no problem with that.