I point to a reduction in property crime as being a result. The page you've linked here doesn't attempt to measure retail theft in 2024; it summarizes a report with a data cutoff in 2022.
Notably, if you click into that report, it also illustrates a huge reduction in property crime since California passed its three strikes law in the mid-1990s. That seems like another big example of how we can directly observe "more investment in the punishment bureaucracy making us safer", despite the author's claim that it doesn't.
It really, really seems to me like the author is engaging in the behavior he describes as "copaganda", selectively telling only the stories that fit in with his vision of how public safety ought to work.