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Another thought: we can look at this in terms of a "bell curve." Consider a quantity Z, which indicates the combination (or combinations) of talent plus dedication plus spare time plus money plus whatever else that it takes to make "good" tracks.
In a "normal distribution," there will be very few people who possess lots and lots of Z -- ones who consistently make great tracks. Then there will be a whole bunch that possess "mediocre" levels of Z -- ones who can make decent tracks and maybe a single really good one, but have no realistic chance of being in the "top tier." Then there will be a few people who possess very little Z -- people who are tone-deaf or who hate music or are too lazy or plain unlucky to save up enough money for production or just have other interests that completely override any potential for them to make music.
In a time when production equipment is expensive and labels more cautious about signing new artists, the "cutoff" will be near the right end of the bell curve and the average required Z to "make it" in the EDM biz will be higher. What cheaper production costs and more abundant labels do is shift the cutoff nearer to the left side of the bell curve. Shift it far enough left, and you have people who aren't really even interested in EDM making a track as a lark and actually getting it realeased. Shift it far enough right, and you have very few people releasing tracks or even bothering with production at all.
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