4 min read.Updated: 16 Jan 2018, 08:28 AM ISTLivemint
Legislation is not sufficient to address the problem's various aspects, such as patriarchal attitudes
Good intentions can often lead to bad policy decisions. Earlier this month, new legislation known as the equal pay standard came into effect in Iceland after being passed a year ago. It aims to address the gender pay gap. The law is uncommonly intrusive, requiring companies with over 25 employees to proactively prove that they are not engaging in such discrimination by having their accounts audited every three years and submitted to the government for certification. If they fail to clear the bar, they could face daily fines.