This Cartoon Explains The 'American Income Problem'

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Jim Grant writes The Interest Rate Observer, a bimonthly markets-based letter. And, put simply, he's someone who "gets it."

He's someone many look to when certainty is sought after, is brutally honest and likes to keep things simple.

Sticking with the theme of simplicity, this year he avoided a cheesy holiday video in favor of one image:

At a time of incredible job market dynamics, Jim keeps it real.

I thank him for simplifying the complexity that is the American income problem driven through skewed labor markets.