Mises Wire

So Long SoMa

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According to Source there have been several restaurants in San Francisco that have succumbed to the burden of increasing government intervention including higher minimum wages and mandatory employer spending on health care for employees. In San Francisco, if you have 20 employees working at least 8 hours per week, an employer has to spend at least $1.65 per hour on employee health insurance and related benefits.

SoMa’s “multi-dimensional” vegetarian restaurant, has closed its doors, citing the skyrocketing costs of doing business in San Francisco as the nail in its coffin. The restaurant’s goodbye came via a sign posted on the door: “Due to the new labor health laws for a business with more than 20 employees and other unforeseen situations, we cannot afford to run a business of this type in San Francisco.

HT: JRH

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