Yes, it does still kind of happen now, mostly in the way that you stated. The employers downgrade the position by changing the name of the job from say, Assistant, to Secretary, for example.

Women's working positions are devalued because women are considered to have less value than men, in the same way that when Black and PoC take up jobs or residence in certain industries (like real estate/neighborhoods), those industries get devalued, just by being associated with us.