MarketWatch First Take: How Warren’s child-care plan could spark pay raises for all school teachers

Sen. Elizabeth Warren’s child-care program is, on its surface, a plan to substantially boost the availability of quality, affordable child care.

The focus of news stories so far, rightly, has been on two elements — the amount of subsidies provided to families, and the $700 billion cost, over a decade, of the Warren plan, funded by her controversial wealth tax.

Also read: What Elizabeth Warren is promising in her ‘Universal Child Care’ plan — and how she’ll fund it

But a look at the details, even before it’s turned into an actual bill, show that it would also have an impact on teacher pay across the country, and affect state and local government finances.

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