From Mr Fredrik Erixon.

Sir, The new World Economic Outlook by the International Monetary Fund has been seen by many as evidence for the unfavourable effect of globalisation on labour in countries in the Organisation for Economic Co-operation and Development. A distinct pattern in this era of globalisation has been the falling shares of labour income in gross domestic product while the compensation to capital has increased its relative position. Martin Wolf ("Employment policies can ensure a fair share of the feast", April 11) corrects many of the misinterpretations: technological change is the chief explanation of this development, and labour market inflexibilities in several OECD countries adversely affect real employment, thus lowering the shares of labour income. Moreover, real income growth for labour has also been strong in the last decades.