Most (all?) of us could already "swim" basically, since there were lakes and rivers near the small towns and kids usually got free swimming lessons around age 5. The bigger lessons were about the various (then) standard strokes, pool safety and basic lifesaving, how not to accidentally kill yourself on a diving board, swimming laps instead of just swimming around, etc.
I absolutely hated it (too many strangers, why didn't we have our own pool, my endurance was crappy, I was afraid of the deep) -- but I'm glad they made us do it instead of letting us wimp out.
Most pools here allow for non/bad swimmers to go where they want, with what they...under the absolute condition to have a good swimmer with them, all the time.
A small kid straying alone in the pool is already an alert and the pool staff will get the kid out of the water on the spot, with no reentry. Here the kids are big enough that they could be swimming by themselves, so for me the blame is on the parents for not being there, even if it was for just a minute.
Most Wave pools are at resorts/water parks which typically do not necessarily even employ fully trained/high skill lifeguards.
They often rely on private certification programs that will train "shallow water lifeguards" who do not have to have a full set of swimming & rescue skills. They do tend to have good training for spinal injuries though.
Add in that these resorts are most attractive to non-swimmers and they are hopelessly crowded and it is a dangerous mix.
Places like Great Wolf Lodge scare the daylights out of me as a former lifeguard/WSI.
It's a shame that swimming/water survival aren't a part of school in the US. Knowing how to tread water and doggy paddle are valuable, life-saving skills.