I think because most people don’t need it more than 18 hours per day? If you’re taking it off at night, you might as well drop it on the charger.
So I have developed a habit of taking off my apple watch when I sit at my desk. By the first time I think to look at my wrist, it's charged.
I put it in sleep mode all night, and wake up with plenty of battery anyway.
Sure it's one more thing to manage, but having it wake me up with vibrate every morning is worth the small hassle.