Hey thanks for reading.
Could you do this a little simpler for me? please explain me as if I were 10 years old.
I'll try.
"The law of diminishing returns" is simply a rule in economics that states the more you keeping putting into something, the less value something becomes as it becomes overly done. In my example I was talking about college degrees; there has been so much money put into education and more students going to college than any other time that value of a degree has decreased. You can apply this principle in many other areas if you can notice them.
From what I'm understanding has a lot to do with the existing level of competence / offer of something. Is that correct?
Yes, the existing level of competence for a degree has decreased.
Ok. I would like to tell you that I have already done the translation of this article for the alternative medium that I mentioned:
https://tequenodigital.com/2018/01/21/sobre-el-sistema-educativo-de-castas-superfluousman/
Nice, I can read Spanish and it looks pretty good! thanks