Well, I'm simultaneously over-qualified and under-qualified.

I have the Ph.D. and the three years of college-level teaching experience, but I have no other work experience, aside from two summers doing secretarial stuff in college--which was, jeez, fifteen years ago. So if I don't have the over-qualifications, I got nothing.

This is, by the way and for anyone who's weighing pros and cons, an excellent reason not to go on to graduate school straight out of college.