Fanaelialae
Legend
My guess would be because it's tricky to make interesting when compared to the alternative (casting leveled spells).Which really again makes me wonder why there isn't some archetype that focuses exclusively on cantrips, gaining a wide array of them, and increasing their effectiveness through class features (as the Warlock and some Clerics can), and not even worry about spell slots.
The warlock, which is the closest official design to this concept IMO gets a lot of extras on top of being able to spam really strong eldritch blasts. I would say because a) spamming eldritch blast isn't really that interesting, and b) even with all the invocations that can buff eldritch blast, it still can't really hold a candle to something like Wish or True Polymorph.
Although I wouldn't be surprised if a 3p somewhere figured out a way to make such a design work, to either a greater or lesser extent.