Ok, so the reason we have arbitration at all is to save the courts time. This makes sense. This seems like such an easy problem to solve too. Just don't let the company or the worker pick the arbitrator. Require by law that the arbitrator be picked by a judge, or be randomly assigned by the court system, who has presumably vetted the arbitrator. The main problem with these things is that the arbitrator is picked by t…
Creating ways to circumvent the legal system (e.g. plea bargains, private arbitration and so on) is rarely done in good faith.
No law of physics prevents the creation of a cheap, equitable and efficient legal system.