Analysis by Nicole Goodkind, CNN New York (CNN) — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. The labor market is strong and Americans are earning more money. But they should probably hold off on the champagne and caviar because while the rich are definitely getting richer, for everyone else, the story is a bit more complicated. What’s happening: Tuesday’s Employment Cost Index showed that total compensation paid to US workers grew at a faster pace than expected last quarter. Wage growth advanced at a healthy 1.2% pac
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