The New South Wales Treasury has released a comprehensive review focusing on the economic participation of First Nations women, casting a spotlight on systemic barriers that hinder their full economic integration.
The report, 'First Nations Women's Economic Participation Review: Pathways to Prosperity', found the labour force participation rate for First Nations women in NSW stands at 56 per cent, a figure marginally lower than that of non-Indigenous women at 59 per cent. Furthermore, First Nations women are twice as unlikely to be self-employed compared to non-Indigenous women and First Nations men.
The review identifies distinct barriers specific to First Nations cultures, communities, and lived experiences, ranging from racism and discrimination in Australian workplaces to the absence of intergenerational wealth.
"First Nations women face distinct barriers to participation that are not experienced by all women," the analysis notes.
It highlights the impacts of trauma, stating: "The impacts of colonisation and successive public policies have meant many First Nations women carry intergenerational trauma, which affects their ability to build social capital and trust in Australian governments and institutions."
Five key areas were outlined to improve the economic stance of First Nations women:
- Support First Nations women in becoming homeowners and offer better access to culturally appropriate childcare and domestic violence support.
- Enable education opportunities that are culturally safe and flexible.
- Reevaluate existing anti-discrimination policies in consultation with the First Nations community.
- Cultivate a supportive ecosystem for First Nations female entrepreneurs through targeted business and mentoring initiatives.
- Center First Nations women in the decision-making processes of programs aimed at improving their economic participation.
The report highlights that "economic prosperity looks different for each person" in the First Nations community, incorporating not just financial wealth but also cultural, social, and spiritual well-being.
By taking a targeted approach and leveraging evidence-based policy, the review aims to pave the way for a more inclusive economic environment for First Nations women in NSW with the reciew serving as a "foundational blueprint", that not only defines the challenges but also proposes feasible solutions.
