The nature of work has changed. There's a lot of contract work out there, short-term seasonal contract work that requires people to document and identify their own knowledge and skills, so they can parlay that into whatever job they want to have.
In that particular case, the fact that that person has a lot of formal credentialing doesn't preclude, or doesn't eliminate, the need to articulate their competencies with regard to that new job. But you're right, many people have a plethora of paper credentials, but I'm not really concerned about their problem in getting a job. I'm really concerned about the 50% to 70% who don't have credentials and are being disenfranchised in the labour force because of it. I think the 30% always seem to find their way.