It’s illegal to pay women less than men in Iceland

Jan 05, 2018, 6:45 AM EST
(Source: Terence Lim/flickr)
(Source: Terence Lim/flickr)

Iceland, which vowed to eradicate gender pay gap by 2022, has become the first country in the world to pass a law that makes it illegal for employers to pay women less than men for the same job.

Under the new law that came into effect on the first day of the New Year, both public and private employers with 25 or more staff are required to get equal pay certification from the government, failing which they may face a fine of up to $500 per day, notes CNN Money.

Iceland, with its economy banking on tourism and fisheries, has continued to top the World Economic Forum’s list of best countries in the world for gender equality for nine straight years, writes Independent