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i’ve noticed in a lot of places the trash and recycling bins both get emptied into the same dumpster
Tomato, tomato. But, yes, there are SOME small recycling centers that melt down the plastics and stuff but they are costly and don't even make a dent in the amount of trash produced by the world. So the best way to "recycle" is to reuse individually.
This. Aluminium recycling is real. Copper and steel too, though the outcome is an inferior product. Glass can be economic where energy is cheap, but its a net negative for the environment, better to bury it and make more. Everything else is a fiat-subsidised grift. Especially mixed plastics.