The general acceptance of the term "Quiet Quitting" tells us quite a bit about how we currently view the relationship between labor and employer.
Somehow we have accepted the idea that showing up when you are supposed to and doing the tasks you are required to is not "doing your job" but rather "quiet quitting".
It does not seem that these people are goldbricking or maliciously complying or really doing anything wrong at all. They are just doing their jobs. Doing the minimum required is a bad career move, but it's certainly not "quitting" or somehow stealing from your employer.