ANSWERS: 2
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The overwhelming majority of camera users do not shoot long exposures, which require a tripod and, preferably, a cable or electronic shutter release to avoid vibration. Manufacturers tend to put similar features into cameras within the same price range and inexpensive / modest cameras are sold predominately to the point-and-shoot snapshot crowd. This is not a feature that most of these buyers would be interested in. This has not changed since the early days of mass-produced film cameras, most of which lacked such features as well.
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There are only 2 reasons First is cost, and the people who purchase point and shoot cameras want low cost as well, so manufactures see little reason to include features that would cost more and not appeal to most of their customers. Second is smplicity. Most of their customers would consider that feature another complication they don't want and don't want to even have to consider when they take pictures. Without it they will never accidentally take a very blurry 6 or 30 second exposure.
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