In a world first, Iceland
recently proposed a bill to mandate equal pay in both the public and private sectors, regardless of gender, ethnicity, sexuality, or nationality.
If it passes — and many officials believe it will — the law would require companies to issue regular staff surveys to reveal any lingering disparities between people's salaries.
The most talked-about aspect of the law is its proposed effects on Iceland's gender wage gap. Unlike the other Nordic nations,
Iceland's gap of 17% (the
same as the US) falls above the OECD average of 15%. Most Nordic countries sit comfortably below.
The country hopes...Read details...
This law has an eye out for any disparities between people's salaries.
I guess my question is why wouldn't businesses just hire women exclusively then?
That's 20% savings in wages across the board......someone explain this to me?
It's ridiculous to pay a women the same as a man just for the sake of being "equal". It's just as ridiculous to hire a black man just to meet your quota. People should be hired/paid based on skills
women are paid more than man. women work less hours and invest less time, effort and sacrifice less for their careers. in spite of that, women above 40 earn more than men, no matter what their career track looked like
Bill Gates just gave away 5% of his fortune.
Don't expect the skills you learn in college to keep you viable forever.