medium · LSAT Logical Reasoning
Economists argue that increasing the minimum wage will lead to higher unemployment because small businesses, faced with higher labor costs, will be forced to reduce their staff.
This argument depends on the assumption that
- Small businesses cannot absorb higher labor costs by raising the prices of their goods or services.
- Cutting staff is the single most effective way for a business to stay profitable as its costs climb.
- Every small business now operating in the economy employs at least one minimum-wage worker.
- Unemployment is a graver economic problem than the low living standards of minimum-wage earners.
- A minimum-wage increase never prompts any affected business to expand its current workforce in response.
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More LSAT Logical Reasoning practice
- Which one of the following is an assumption required by the argument?
- Which one of the following can be properly inferred from these statements?
- The question type just described is best identified as which one of the following?
- The reasoning in the argument is flawed in that the argument
- The reasoning in the argument is flawed because the argument
- Which one of the following most accurately describes the relationship the statement establ
- Which one of the following can be validly inferred from the two conditionals above?
- Which one of the following must be true given the statement above?