The societal harm from allowing cheap silent tracking of people is greater than the benefit of recovering stolen bags.
No, I do not want the solution to this problem to be adding AirTags to the government panopticon.
Many, many people used them for stalking. I personally know somebody whose estranged husband did. I try to keep myself pretty ignorant of Apple products, and it was the first time I got a detailed explanation of how they worked.
Took them half a year and public pressure to develop something. 3 years for a joint standard (DULT) with google after google developed something by themselves.
There is always pressure required for those things...