Probably because English is so very non-phonetic. To repeat an ancient joke, "Hookt awn fonix werkt fer mee".
I could also see it resulting in more subvocalization, but my assumption is that subvocalization is actually a very important short-term strategy that almost always goes away quickly.
It'd be super cool if English orthography were allowed to keep up with the times, but we've never been more anal about spelling than we are right now, lol.
Yes, of course it was easy to read. It was spelled phonetically. That's the point.
Calling English "fairly phonetic" is laughable. In most languages, they don't have spelling bees because they don't understand the concept. How would you not know how to spell the word after someone speaks it?
My understanding (mostly from my speech pathologist brother ranting about this) is that we end up with reading/writing tending to lag about two years behind due to it.
Given that that's something like half of our lexicon, you're going to have a heck of a time reading if you can't process any of them, but okay, let's look just at words that come from Old English: