This almost seems like an unfortunate consequence on the "Innovator's Dilemma", whereby older workers compete on experience and qualifications, but are then deemed overqualified by employers. Much like how technology consistently outpaces market demand.
Rather, it seems like workers need to compete on a new trajectory and perhaps be re-educated. Although, I don't know if how system supports that very well.
There's actually an open source project that does this (https://github.com/maxme/bitcoin-arbitrage). It's pretty much a simple version of how algorithmic trading works on Wall St.
The thing that really kills you is time lag, getting your money between exchanges. This means you can't have pure arbitrage (riskless), but rather statistical arbitrage.