What Are the Cons for WordPress Including a Password Field on Its Registration Form?

I have been a WordPress enthusiast for around 6 years. From the beginning, I never understood the logic of WordPress not including a password field on its default registration form. It has become a tradition for me to check the registration form to see if a password field is included each time I upgrade the latest version of WordPress, only to be disappointed that a password field is not included. This has not changed as of version 6.9. Some plugins introduce a registration page, but I wonder if this is overkill for sites that only need a password field. As a result, my plugin, Describr-Membership Plugin allows admin to include only a password field on WordPress registration form.

However, are there any cons for WordPress including a password field on its registration form? Will usability be affected in any way?