Yeah, they kinda suck and they are brutal to go into cold. Having to grind a bunch of leetcode problems is a burden, particularly if you currently have a job and god forbid a family.
I would still take them over the puzzle questions that used to be popular, or the personality test nonsense that dominates most fields. At least Leetcode problems are reasonably reflective of programming skill. I'll also take them over vague open ended questions - ain't nothing more fun than trying to ramble my way into whatever answer the interviewer is secretly looking for.
Personally, when the day comes when I'm In Charge, I plan on experimenting with more day to day type evaluations. I think there's potential for things like performing a mock code review or having someone plan out a sprint based on a very detailed design document. "Here's an icky piece of code, tell me what it does and what you would do to improve it" seems to have fallen out of style, though it's not clear to me why.
That said, like it or not it's how the game is played and not changing anytime soon. Get on the Grind75 train, or don't and keep failing tech screens.
If you talk to people about homelessness, they will readily admit they just don't want to see it. If go to any cheaper grocery store you definitely are rubbing shoulders with people who use foodbanks. Food insecurity doesn't go away just because you have a roof over your head.
The rub is a foodbank in a grocery store will attract the more visible "unreliable access to showers" type of user, which would be unacceptable.