One of the problems with today's literary writers, including the kind examined below, is their seriousness. Art is serious business! Probably because they've invested so much money in becoming certified as "Artists." There it is-- it says so right on the piece of paper.
Possibly it's the David Foster Wallace influence. The Artist so consumed with his Art it destroyed him. Art with a capital A. The broad humor of what had once been the main stream of American writing (see Mark Twain) which so captured the American con-man personality, has been pushed to the side. And after all, let's face it. "The Jumping Frog" story is simply not very literary!
Serious literary writers today write important "Fictions." Serious Serious! Important! Well-wrought. What they don't do is tell stories.