In the News
The Editorial Board: ‘Benefits Cliff Calculator’ takes a step toward managing an economic hazard
BUFFALO, N.Y. (The Buffalo News) — In facing, head on, the “benefits cliff,” the Buffalo Niagara Partnership is making an important effort to help underemployed individuals who may risk losing benefits by accepting overtime or a promotion, while also assisting business owners overcome staffing problems.
The benefits cliff is a frustrating and pointless circumstance in which a worker loses important assistance by accepting additional income – overtime, a raise or even a new job. Earn even a dollar over the maximum allowed and all benefits may be forfeited. Financial improvement becomes elusive because of rules that hurt the worker, the employer and taxpayers.
As the Partnership’s president and CEO, Dottie Gallagher, pointed out, employees who decline that additional income aren’t being lazy; they’re making a rational economic decision. To help counter that problem, the Partnership is providing a new online tool.
BUFFALO, N.Y. — For the third consecutive year, difficulty finding and retaining qualified talent ranked as the top concern of BNP members, with three quarters reporting that they have unfilled positions. The impact of inflation and higher interest rates raised market conditions to the second concern after spending several years further down the ranking.
Democrat Mark Poloncarz and Republican Chrissy Casilio couldn’t have been more different in their answers Thursday at a forum hosted by the Buffalo Niagara Partnership.
BUFFALO, NY (The Buffalo News) — The joint bid by Buffalo, Rochester and Syracuse to secure potentially tens of millions of dollars in federal funding for a “tech hub” faces stiff competition.
But the partners in the bid say they believe their regional approach will give them a leg up in the competition.
As family and friends come together to celebrate Labor Day and honor the working men and women who are the lifeblood of our economy, it seems appropriate to reflect on the kind of workforce our community needs now and in the future.