Overqualification sometimes is a problem
http://dilbert.com/strips/comic/2013-05-23/
To study until you are in the 30's makes you unemployable. Why this happens? I guess the work you do in Academia and in school is very different from real work. When you have to do something in real life you don't have all the info, all the time, you have to decide in a hurry you just have to do it. In Academia you have deadlines, you have time to prepare, you can consult the books, collegues, etc...
on top of that the real problem in life is that you have to convince other people to work for you, clients to buy from you, to constantly interact with people that sometimes have different agendas than you! In Academia, you are alone studying and preparing for an exam, test or thesis. It's not a good preparation for the real thing.
Some employers prefer to hire someone that already did it than someone who is preparing to do it all his life.
Don't collect to much diplomas.
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