Iceland passes world's first law forcing companies to pay equally or face fines

In 2017, Iceland became the first country in the world to force employers to prove they pay equally or face fines. By 2021, all companies and government agencies with 25 employees or more will have to undergo audits and receive certification to show that they do not discriminate by gender in setting salaries. While the small island nation is regularly ranked the world’s most gender equal country, women still earn 14-18% less than men, meaning that Icelandic women effectively work for free for around 60 days a year. And at the current rate of progress, the overall global economic gender gap won't be closed for 170 years.