Iceland just made it illegal to pay men more than women
Firms that employ more than 25 people must now obtain a government certificate demonstrating pay equality, or they will face finesRead full story
Not sure how this is legally enforceable given that not all men are paid the same as other men and not all women are paid the same as other women ?
Think it’s a really good move, and more likely to succeed because of the size of the economy there. Could it work in the US or India? Dunno. Wouldn’t be terrible to see either one industry or some corner of govt employment step up to try it here. More vitality in labor unions could’ve helped but fear that isn’t a growth area in the US.
Nordic countries are doing more to eliminate and socialize the very real gender pay gap. Interesting that 25 is the number of people you need to start reporting. We should make the average pay, gap and gender splits part of a company tear sheet. It's material
Also a great way to crack down on tax evasion!
How can I not “pick” this one?
This sounds like a Black Mirror episode waiting to happen. One of the sure ways to solve this is simply to make positions and titles carry consistent pay, rather than paying based off of what the person made at their last job (which keeps people earning less than they should from a legacy standpoint).
Love the concept but the execution and parameters sound tricky. Also it’s the Mirror reporting...
Iceland is a very cool place.
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