Are there any laws/theoretical foundations about how diversity of species relate with total biomass on Earth?

While there is a lot of esoteric sort of talk "humanity dis-balances the live on the Earth", I though there are formally seen hard facts (correct me if I am wrong):

biomass of human species and species we need (plants/cattle etc) is increasing;

diversity of species is decreasing

So it looks like some sort of global system change (correct me if I am wrong), but how does biology science discuss them (in case my inquiry can be anyhow scientifically formulated)?

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