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Iceland Has a New Law to Solve the 'Wage Gap.' Yep, It's Stupid...
Friendly suggestion for Europe: stop. Feminism, immigration, socialism, healthcare, you name it. They tend to miss the mark when it comes to doing things right. Iceland has proven itself to be no exception. Exhibit A? Their new solution to the "wage gap." Spoiler: it's a law which involves government overreach. Surprise, surprise.
A new law in Iceland that makes it illegal to pay men more than women has come into effect from Monday, 1 January. One of the key reasons the Nordic island has pushed through the law is that nearly half of its parliamentarians are female lawmakers.
Oh really, half of the lawmakers are female? You don't say...
As the law is being enforced, both government offices and private business – which employ more than 25 staff – will have to obtain a special government certification on the equal pay policies, failing which, they could be fined.
This is part of Iceland's earlier announcement that the island intends to eradicate the gender pay gap by 2022.
In case it isn't clear to you yet, Europe hates flourishing economies. Hence the constant government regulations. This law
But Iceland doesn't care about the economy. Iceland wants to get rid of the gender pay gap. I have good news for them: WAGE GAP? Female CEOs Make More Than Male CEOs. Waaaay More...
Fret not, Iceland. There are skill gaps, experience gaps, location gaps. But the wage gap isn't a thing. So congratulations, you did it! Give yourselves a round of applause.
Oh yeah, and in case you were wondering, Iceland still has one of the highest number of per-capita rapes in Europe.