Iceland Becomes The First Country To Criminalize Unequal Pay Based On Gender

The Logical Indian Crew

January 4th, 2018

Courtesy: Al Jazeera

Iceland becomes the first country to make more pay for men than women illegal. Now, according to their law, both men and women will earn the same amount of money for the same job. The law came into effect from January 1, 2018. This was announced in International Women’s Day on March 8, 2017.


Policy

Under the new policy, any company with at least or more than 25 employees have to get the government certification of their equal-pay policies. The companies that fail to prove equal pay may face fines.

“The legislation is basically a mechanism that companies and organisations … evaluate every job that’s being done, and then they get a certification after they confirm the process if they are paying men and women equally,” said Dagny Osk Aradottir Pind, a board member of the Icelandic Women’s Rights Association, as reported by Al Jazeera.


Wage gap and Iceland

According to the World Economic Forum, the top five best performers in the global gender gap are Iceland, Norway, Finland, Rwanda and Sweden. The World Economic Forum also ranked Iceland as the most gender equal country for the last nine years.

Since 2016, Iceland has closed almost 10% of its wage gap making it one of the fastest-improving countries in the world when it comes to gender equity.


The Logical Indian Take

A 2015 report by McKinsey Global Institute explains how eliminating the wage gap can add between $12 trillion and $28 trillion to global GDP.

If women are not getting paid enough, they lose the little they have in loans and the money needed to run the house. That is a lot of money which the economy isn’t getting back.

As long as the wage gap persists, eradicating poverty will also remain a dream.

Some researchers say that women are more productive and dedicated workers. For them to show the world that they are equally worthy as their male counterparts, they work harder, fight harder.

Facebook COO Sheryl Sandberg said that the pay gap holds women back. It doesn’t exist because women aren’t educated enough; in fact, there are more female college graduates now than ever before. “It is about structural barriers we need to dismantle,” she said.


The Logical Indian appreciates the move and hopes that India and other countries implement it soon.

Share your thoughts..

Propelled by

DELL

Let's Support Anti-Rote Learning

Related Stories

India Has 21 million ‘Unwanted’ Girls Because Families Prefer Sons: Economic Survey   

Inequaility

Revealing India’s Income Inequality, Survey Says Richest 1% Pocket 73% Of Nation’s Wealth

Iceland Becomes The First Country To Criminalize Unequal Pay Based On Gender

Gender Gap

India Slips 21 Places In Global Gender Gap, Behind Bangladesh, Myanmar

It Is Time We Talk About Gender Wage Gap & Encourage Women To Fight For Their Rights

Retirement

India Worst Country Among Large Economies For People To Retire: Report

Latest on The Logical Indian

News

North East Floods Claim 23 lives; 4.5 Lakh People Affected In Assam Alone

News

“My Son Has Laid Down His Life For The Country. I Shall Too”: Martyred Army Man Aurangzeb’s Father

News

Jailed For Exposing Army’s Sahayak System, Jawan Returns Home After 6 months

News

BJP MLA To Pay Legal Fees Of The Four Accused Of Lynching Two Men

News

Students Going To UK For Higher Studies To Face Stricter Scrutiny; India Removed from Low-Risk Countries

News

IAS Officers Claim No One Is On Strike; Delhi HC Asks Who Authorised The Dharna At LG Office