Once again, that is definitely a risk. There are a lot of issues that can't be resolved through binding arbitration. Today's fundamental problems are having our jobs replaced by automation or artificial intelligence. These are not taken into consideration during arbitration outside a collective agreement. Problems that are not included in the new collective agreement that becomes binding or in the arbitrator's ruling will persist and be passed on to the next collective bargaining process.
If these issues aren't resolved at the bargaining table, because they require a lot more negotiation and trade-offs on both sides of the table, employees will absolutely lose faith in the bargaining process and wonder what the point is of negotiating. The actual problems that they want to resolve are not resolved and are postponed once again.
Yes, we agree with your statement.