My employment agreement includes one. I know, I had to exercise it in the last 30 days.
I'm torn on this one. On the one hand, this is so heavy-handed and un-friendly to business.
On the other hand, if my employer really f's me over, I'd have legal recourse to sue the sh*t out of them.
Which do I hate more? Government (Obama) or big corporate monoliths that treat human beings as disposable "resources?"
Tough question.
It's not a proposition that requires a choice of one or the other.
Big Government and Big Corporations are symbiotic partners with an invariable tendency towards oppression and domination of the population. Essentially, they are one and the same.
Arbitration "agreements" can only benefit the party that imposes them. They should be invalidated as a matter of public policy.
Punishment for frivolous suits, and limiting payouts works to cure a lot of bullshit in the legal system. These arbitration agreements are just in response to that, and of course, gub’mint diktats that result in a lot of butt-covering.