So in practice the oxygen level can never drift meaningfully far from the atmospheric pressure, whereas carbon dioxide easily can because the pressures involved are so low.
But then why can we see problems with concentration in studies of people in poorly ventilated rooms, but not replicate that when just adding CO2 to normal air? What is the CO2 that we can measure in meeting rooms actually a proxy for?
This original study has been used to market these CO2 monitors for years, but the evidence is quite thin and doesn't support a strong effect. It seems likely that there is a small effect, and it has been wildly exaggerated thanks to a small study with N=22.