Yesterday, ILR President Harold Kim’s op-ed about the FAIR Act was published in the Washington Examiner.
“Arbitration is a fair and efficient way to keep disputes out of our already overcrowded courts. The loudest voices to get rid of arbitration are the ones who make money off costly, bloated, and inefficient litigation,” Harold Kim wrote. “When it comes to arbitration, Congress should ignore the lawyers and listen to their constituents instead.”
Two economic studies conducted by ndp | analytics and released by ILR analyzed the results of tens of thousands of employee and consumer disputes with companies. Both studies show workers and consumers won more money, more often, and more quickly in arbitration than through litigation.
The studies, titled Fairer, Faster, Better: An Empirical Assessment Of Employment Arbitration, and Fairer, Faster, Better II: An Empirical Assessment Of Consumer Arbitration, are available on ILR’s website.