This post is was originally published on The Penny Hoarder

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Back in March 2017 I wrote about pending legislation in Iceland that would require companies in the country to pay men and women equitably.

I’m happy to report that Iceland is now the first country in the world to require businesses and government offices with 25 or more employees to acquire a government certification that proves they pay women and men equally.

The new law took effect on Jan. 1, 2018.

What’s more, according to Al Jazeera, Iceland intends to close the wage gap completely by 2020.

“Women have been talking about this for decades and I really feel that we have managed to raise awareness, and we have managed to get to the point that people realize that the legislation we have had in place is not working, and we need to do something more,” Dagny Osk Aradottir Pind, a board member of the Icelandic Women’s Rights Association told Al Jazeera.

Lisa McGreevy is a staff writer at The Penny Hoarder. She thinks the idea of moving to Iceland gets better every day.


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