You know of those religious people who say “God will provide”, the Libby equivalent to that is “the market will take care of it”. While Libbies do not apply it to everything they do apply it to the economy, job markets, etc.
The market does not take care of things, it doesn’t even take care of it self much of the time. What is dose and doesn’t do depends on the many variables (supply, demand, how much money people have, how much people are wiling to spend, how many people there are, what people are buying. when and where they are buying “it”, and many, many more). These variables determine what the market does and what it does may or may not be good for the economy, the people, business, the country, etc. The market is is a human creation and humans actions are what determines the major variables.