I think I finally understand content warnings now. They aren’t effective at what they’re actually supposed to do. Studies show that pretty clearly.
Therefore, why they exist is, like many human things, for the purpose of signaling. Content and trigger warnings are used to convey that you are courteous enough to be concerned with the viewer’s sensitivities about something. They also communicate that you are embedded enough in a particular culture to know what its triggers and concerns in fact are.
Thus, they are used both for courtesy and to express status (these two are always closely related) and make a lot more sense to me from that sociological angle.