Are we flooding the market with STEM grads, or are we falling dangerously short? The great STEM workforce debate bounces back and forth between these two, probably reductive positions. In fact, both sides have a point, but they obscure the deeper challenges. We need to be rethinking how we connect STEM education to jobs that matter to individual grads and the country as a whole. Then figure out how to make sure students, educators, employers, and policymakers are using the right set of tools to solve the same problem.