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Raise minimum wage, economists say

Seventy-five prominent economists, including seven Nobel Prize recipients and several professors at Massachusetts universities, have signed a letter to President Obama and Congress endorsing increasing the minimum wage to $10.10 an hour by 2016.

The bump would increase a full-time minimum wage worker’s annual pay from about $15,000 today to $21,000, which could help stimulate the slow-growing economy, the economists said.

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