The union representing nurses at Riverside Community Hospital has been ordered to pay more than $6 million to the hospital in damages caused by a 2020 strike.
Arbitration is pretty much always a scam. Even in b2b settings, a lot of those contracts are not between parties of equal power.
Like, if a small business sets up a business account at a major office supply company, that’s a pretty common example of a b2b contract where the parties have very different power.
Agreeing to an arbitration clause seems to have been critical mistake for this onion.
Arbitration is a scam in any other context besides b2b where parties have similar bargaining power.
I bet union can’t even appeal this pro capital decision either.
Arbitration is pretty much always a scam. Even in b2b settings, a lot of those contracts are not between parties of equal power.
Like, if a small business sets up a business account at a major office supply company, that’s a pretty common example of a b2b contract where the parties have very different power.