Iceland Passes Law Requiring Equal Pay For Men And Women

Keep in mind, this is the same country that locked up a few bankers after the 2008 financial crisis, and it’s the only country in the world that did. Looks like they’ve done it again! Why didn’t this happen anywhere else?

JoAnn Chateau

By Amanda Froelich

The Nordic nation is the first in the world to require companies to pay men and women equal salaries for completing the same work.

Photo: Paste Magazine

On International Women’s Day, most people were occupied and in awe of the fact that a $2.5 trillion asset manager installed a statue of a young girl staring down the iconic bull on Wall Street. While that news was applaudable, an important milestone was missed at the same time.

To celebrate International Women’s Day, Iceland passed a law which requires companies to pay men and women both equal and fair wages. It is the first country in the world to require both public and private firms with 25 or more staff to obtain a certificate demonstrating that they pay all employees equally, “regardless of gender, ethnicity, sexuality, or nationality.”

“Gender equality benefits all of us,” commented Iceland’s Prime Minister…

View original post 251 more words

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