This exists but not to the extent it did in the 80s, and expectations aren't forced and are usually just part of the company advancement culture. "Expected overtime" is listed as part of the job description and the expectation that you stay longer than your boss doesn't exist much anymore. Also if you don't follow that culture, they can't fire you without showing that they don't have the budget to keep you on and they've tried every possible other avenue of remediation. At-will employment laws are nonexistent here.

Instead of fire you they usually put you in a room by yourself to just sit there for 8 hours a day. You still collect a paycheck.

Most young people with cell phones have figured out that this is awesome and have started "quiet quitting" by just doing the actual requirements for the job and going home or doing education on their own time.

However if you like your career and want to advance in your field you're still fucked and you're gonna be working a shitload of overtime