A minority of people have binocular vision dysfunctions (like convergence insufficiency) that give them severe eyestrain, headaches and migraines when this flicker occurs. Apple should treat this like an accessibility issue (like VoiceOver) but does not. The current treatment from behavioral optometrists is not always effective.
I recently found a whole community on this: https://ledstrain.org.
If you have expertise in displays, please join us on LED Strain! We were hoping Apple would address these accessibility issues and let people with vision problems use their products.