Looking for a pay rise? Consider moving to Iceland.
No, seriously.
The nordic country is number one for gender equality. While women typically earn 14-18 per cent less than men currently, the government has made the pledge to close that gap by 2022.
It’s not just empty words either. In case you missed it, on International Women’s Day last week the country introduced legislation that enforces equal pay.
Iceland is doing it by 2022. So must we: mandated equal pay by 2022 #EQ22 #TheWomensManifesto https://t.co/CBoFyoTJpV
— Anne Summers (@SummersAnne) March 9, 2017
The government announced the new law that if passed will require every company with 25 or more staff to gain a certificate demonstrating pay equality.
Top Comments
Because the gap exists on the basis that women work less hours than men in lower paying positions because it is already actually illegal to do otherwise in most developed nations. The only way to 'close the gap' would be to pay women more than men for the hours they do work compared to men who work longer in the equivalent position. Basically pay them overtime when they aren't working overtime. Is this really what the world needs right now, what amounts to a man tax. To further disincentivise men to fulfill their role in society as the most efficient units of production? Men as a group are already paying disproportionately into the tax base while not drawing on the welfare programs & spending that taxes fund to the same degree as women. This kind of policy reeks of an uneducated political class that doesn't understand how capitalism as a system pits competitive forces against one another to come up with the most efficient, productive & best valued product or service for the benefit of all consumers to improve everyones quality of life via it's key incentive of rewarding capital to those who work harder & smarter irrespective of gender.