The word for today is…
diminution (noun):
: the act, process, or an instance of becoming gradually less (as in size or importance) : the act, process, or an instance of diminishing : decrease
Source : Merriam -Webster
Etymology : In his late 14th century tragic poem Troilus and Criseyde, Geoffrey Chaucer employed the word diminution, contrasting the verb encrece (“increase”) with the phrase “maken dyminucion” (“make diminution”). Like many words Chaucer used, diminution came to English from Anglo-French, and ultimately from the Latin word deminuere, meaning “to diminish,” which is also an ancestor of the English verb diminish. That word entered the language in the 15th century, and the related noun diminishment, a synonym of diminution, was adopted in the 16th century.
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