When they say it’s a workers market, does that mean for low paying roles?

I feel like all decent paying jobs in my field have fierce competition. Even the entry level positions for my field have a lot of competition. I am surprised to keep hearing that right now the job market is swayed to candidates, for what type of roles exactly? I took a role that had 50 applicants for an entry level role right out of school and feel lucky I even got this job.