But you're asking the wrong question. The real question is why, despite decades of evidence showing these practices improve retention and performance, they remain exceptional rather than standard. The system isn't broken; it's working exactly as designed. It is optimized for wealth extraction, not value creation.
Public companies are legally obligated to maximize shareholder value. Every dollar spent on employee wellbeing that doesn't directly boost quarterly metrics is arguably a breach of fiduciary duty. Middle managers who genuinely care get promoted out or pushed out. The few companies that do care either have unusual ownership structures (co-ops, private ownership with values-driven founders) or are temporarily buying talent in hot markets. Once conditions change, watch how quickly that 'caring' evaporates.
So yes, we all know what caring looks like. The question is why we keep pretending the current system has any mechanism to deliver it at scale.