OK, thanks, I've looked up this term and see what you mean, I think:
"In modern usage, late capitalism often refers to a new mix of high-tech advances, the concentration of (speculative) financial capital,
Post-Fordism, and a growing gap between rich and poor."
From:
https://en.wikipedia.org/wiki/Late_capitalism
Perhaps this rather elastic concept ties in with what I was saying about US society placing more faith in markets to produce good outcomes than seems justified by the results on health, job security and social provision.
In fairness, it is not just the US, though it is worse there. In the UK we've been concerned for some years with the growth of what is sometimes called the "precariat": the growing proportion of society working in the "gig" economy with little or no security, sometimes on zero hours contracts etc. Uber argued in a 2016 court case that their drivers were self-employed and thus Uber had no employer's responsibilities towards them. The judge thought otherwise, I'm pleased to say. And there have been bust-ups over employment conditions for people working in delivery warehouses for on-line companies such as Amazon and Sports Direct.
The European approach to Covid-19 seems to be different from the US one, however. In Europe, employers have been encouraged by means of government subsidy to keep employees on the payroll rather than sacking them, while the business is unable to trade. From what I gather in the US they get sacked and Trump writes everyone a personally signed, derisory one-off cheque, in the hope they will vote for him in November out of gratitude. Unless I have got that last bit wrong.....