# Prof. Joseph Foudy on the economic impact of required paid sick leave

1 Faculty News July 19, 2012 ![NY1 News logo](/sites/default/files/styles/246w/public/assets/images/con_031426.gif?itok=fvySWnbY)>

Excerpt from [NY1](http://www.ny1.com/content/165179/sick-leave-bill-not-backed-by-quinn-over-economy-concerns) -- "'For most small businesses, it's important to remember that most cost increases get passed on to customers,' said [Joseph Foudy](http://www.stern.nyu.edu/faculty/bio/joseph-foudy) of the NYU Stern School of Business. 'Anything you do to increase the cost of employees, in most cases, will increase the cost of the goods they are selling.'"

[Read more](http://www.ny1.com/content/165179/sick-leave-bill-not-backed-by-quinn-over-economy-concerns)