The Truth About Arbitration: How It Can Devastate Your Life

TLDRArbitration is a rigged system that favors companies and limits the legal rights of employees. This private and biased alternative to the public court system can have a devastating effect on your life. Learn why arbitration is a scam and how to avoid falling into its trap.

Key insights

🚫Arbitration limits the legal rights of employees and stacks the justice system heavily against them.

💼Companies spend millions to set up a sneaky arbitration system that protects them and restricts employees.

⚖️Arbitration is an alternative legal system to the public court, with biased arbitrators who are often paid by the company being sued.

🔒Arbitration agreements are often buried in employee documents and signing them limits your legal options.

💸Arbitrators are financially incentivized to rule in favor of companies, creating a biased and unfair system.

Q&A

What is arbitration and how does it work?

Arbitration is an alternative legal system where employees agree to resolve any lawsuits with their employer outside of the public court system. It is a contract that limits legal options and often favors companies.

Can I refuse to sign an arbitration agreement?

Yes, you have the right to refuse to sign an arbitration agreement. However, companies may rescind a job offer or fire you if you do not agree.

Are there any advantages to arbitration for employees?

In theory, arbitration offers a faster process, but it often leads to unfair decisions and limits the ability to gather evidence. It is primarily advantageous for employers.

Can I get out of arbitration if I already signed an agreement?

Getting out of an arbitration agreement can be challenging but not impossible. Consult with a lawyer in your state to explore your options.

How can I protect my legal rights as an employee?

To protect your legal rights, be cautious when signing employment documents, read them carefully, and consider seeking legal advice before agreeing to arbitration or other limitations.

Timestamped Summary

00:00- Introduce the topic of arbitration and its effect on employees' lives.

02:30- Explain what arbitration is and how it differs from the public court system.

04:15- Discuss when and how arbitration agreements are signed by employees.

08:46- Highlight the differences between arbitration and court, including the role of decision-makers and the lack of appeal rights in arbitration.

12:57- Explain the cost, privacy, simplified discovery, and class action waiver aspects of arbitration.

13:48- Address the affordability of arbitration and its implications for employees.