Not really just 'less of an issue' but, rather, a major issue, but in the opposite direction from what you suggested. To have vehicles only able to (legally) use one of the three or four lanes in a motorway would result in a ridiculous and unnecessary reduction in the capacity of the motorway!
Sure, that can happen. However, particularly when a road is busy, it is common for there to be a lot of traffic in all three or four lanes, all travelling at roughly the same speed. In that situation, your approach would, again, say that they should all move into the left-hand laning, leave the other two or three lanes empty!
Good question. Perhaps because some people are obsessed with the concept but haven't thought it through properly?
Another consideration, which I confess very much influences my driving practices is that, if you think about it, a high proportion of serious accidents result, in one way or another, from 'lane changing' - which means that it is safer to stay in one lane (any lane), rather than dart backwards and forwards between them all of the time.