The phrase promises a person who catches the bad action. The research Jakob Nielsen collects says that person stops catching things on a schedule: within half an hour when watching, and within a few dozen routine approvals when answering prompts. Neither failure is about effort, and telling people to pay attention has never fixed either.
What works is fewer, better gates and a count of what each one does. Reserve the interrupt for actions that can't be taken back and that leave the account. Give reversible actions an undo with a window the user will be present for. Then measure every gate, because the only evidence that a human is in the loop is a refusal.
The argument, the ledger columns, and where undo stops helping are in Kill 'Human in the Loop' as a Control. Keep a Gate Ledger. The design of the undo itself is in Undo Is a Design Primitive.