Though I’ve never been to Iceland, I’ve heard good things. But now I think I might want to move there. Iceland has now become the first country to legalize equal pay. The measure started taking effect on Jan. 1, 2018, and was passed by a legislative body comprised of nearly 50% women (!).
That’s right: Iceland is now the first country where it’s illegal to pay men and women differently for the same work. Companies employing 25 people and more will need to prove that they are paying men and women equal, or face fines.
Iceland has really put its money where its mouth is on the issue of equal pay. According to the Global Gender Gap Reports (read the 2017 report) that have been published yearly since 2006, Iceland had made the fastest progress and closed around 10% of its total gender wage gap.
According to the Global Gender Gap Report 2017, Iceland ranks #1 in terms of smallest gender pay gap by country. In this same list, the United States rank #49, sitting beneath Peru and just above Zimbabwe. Nicaragua, Cuba and Bangladesh all outrank the U.S.
So, ladies: who’s down to move to Iceland?