Flutes certainly work, but they were not initially intended for retail consumption.
They were specifically designed for butchers and processing slaughterhouses to reduce both drag and adhesion of the meat to the blade, and in turn should theoretically increase yield given accuracy of the targeted cut while removing less unsalable parts to maximize overall retained weight of the meat slab being processed.
50kg slab of meat can't be increased in mass and instead has to be trimmed down by removing unwanted parts of fat/sinew/cap/etc. If a skilled butcher with a fluted knife can trim fat/sinew/cap more accurately, then the potential increase in overall weight on a yield basis by X % over the course of a work shift is compounded over an entire year by that butcher on the factory line.
Retailer consumers buy meat per lb/kg while Meat Processors sell meat per lb/kg.
Meat processing plants are ensuring the meat appears to be the best quality possible, while trying to sell as much of the meat slab as possible during the trimming process. People will buy meat with cap/fat/sinew/tendon/bone to a certain extent with tolerance.
The processing plant tries to sell all parts of the animal as much as possible given they pay for the whole animal at X dollar amount per KG, but have to absorb losses during trim process for retail packaging purposes.
Breakdown illustration:
Butcher A with Butcher Knife: 50kg slab of meat removes 6kg of unsalable material, leaving 44kg at $10.00/per kg to sell.
Butcher B with Fluted Butcher knife: 50kg slab of meat removes 5kg of unsalable material, leaving 45kg at $10.00/per kg to sell.
The extra $10 per kilogram begins to add up at slaughterhouse/processing plant as a butcher in 8-10 hour shift may work with a million dollars of meat, depending on the grade and quality. If a butcher can increase overall retained yield by 1% to sell at market, it's an additional $10,000 produced by that sole worker, per shift.
That's the original concept behind fluted knives.