Part of what likely contributes to keeping names “simpler” is that we have to fill them in everywhere. It’s extra work for developers, extra work for systems architects and information architects, UX’ers, content managers, marketing. It's an administrative burden for users.
Information is complex. You already know that. I'm here to tell you, as someone who freaking loves information, that it's probably even more complex than you currently think. We have a tendency right now, on a social level, to makes things simplified (often binary), and try
This is one of those instances (like fully accessible design) that businesses have to let go of some things that they've prioritized and built entire machines around.