Centre for Monitoring Indian Economy's Consumer Pyramids Household Survey estimated a loss of over 10 million jobs in 2018. That was a big loss and there is no respite yet on this count. But a bigger loss on the jobs front is the loss of quality jobs. Without getting into the gobbledygook of statisticians it is easy to notice the proliferation of tea and tobacco stalls, delivery boys, handymen, taxi drivers and the like. These are not jobs that educated people aspire for. At the same time, the availability of good jobs for engineers, MBAs and other post-graduate degree holders is not as prominent as it was about a decade ago. IT companies and the financial markets are not as aggressive in hiring talent anymore as online and offline retail enterprises are in hiring labour to pack and deliver consumption goods. This shift in demand in favour of lower-skill labour implies that the premium for education in labour markets is declining. A generation ago, it was inconceivable to get a job in the organised sectors without a graduation degree. This is no longer true. Today, the minimum education required to get a job in the organised sectors is much lower and is dropping. Completion of graduation was not necessary for the BPO and call centre jobs, which were the fastest growing jobs in the early 2000s. In today's fastest growing sector the logistics industry even higher secondary education is not necessary. These are jobs in the organised sectors. Jobs are growing faster at the lower end of the education spectrum and not as much at the higher end. The Consumer Pyramids Household Survey quantifies the sharp fall in the rate of growth of jobs for the better educated in recent years. Over the last three years between early 2016 and late 2018-38 million jobs were added for people who had completed only primary education, ie up to 5th standard. This implied that jobs for these barely educated people increased by nearly 45% over these three years. In comparison, people who had acquired a little better education, ie between 6th and 9th standard, saw an addition of a much lesser 18 million jobs, implying also a lower 26% increase in jobs for these people. The relationship between education and jobs gets worse as we go further up the education ladder. People who had completed secondary-to-higher secondary school education 10th, 11th or 12th saw a growth of 13 million jobs reflecting only a 12% growth over a three-year period.