You may remember the fanfare when President Barack Obama signed the Lilly Ledbetter Fair Pay Act as one of his first acts in office. And no doubt you recall all the think-pieces about Canadian Prime Minister Justin Trudeau’s 50/50 gender split cabinet when he took office in 2015. But Prime Minister Bjarni Benediktsson of Iceland has bested them both.
Iceland has just become the first country to require that employers prove that they pay their female employees the same rate as their male employees. The rule will apply to all companies with 25 or more employees, and companies subject to it will undergo inspections every three years to ensure that they continue to adhere to it, or face a daily fine.