Public Statements. Thorstein Viglundsson, minister of social affairs and equality, said: “The gender pay gap is, unfortunately, a fact in the Icelandic labor market and it’s time take radical measures; we have the knowledge and the processes to eliminate it.”
Keeping the Companies In Line. “In regard to annual financial statements, there are fines if documents are not delivered, and I can see the same apply if an equal-pay certification has not been implemented since it will be an obligation,” Minister Viglundsson said.
Estimates. There are dozens of studies, trends, and calculation being done all around the world that is attempting to figure out how long it will be before the equal pay really takes effect. Some trends suggest that the pay gap could be closed completely within 52 years while others project it will take centuries.