To return multiple parameters, you return an single object that contains both of those parameters.
public MyResult GetResult(x)
{
return new MyResult { Squared = Math.Pow(x,2), Cubed = Math.Pow(x,3) };
}
For some languages you can create anonymous types on the fly. For others you have to specify a return object as a concrete class. One observation with OO is you do end up with a lot of little classes.
The syntactic niceties of python (see @Cowan's answer) are up to the language designer. The compiler / runtime could creating an anonymous class to hold the result for you, even in a strongly typed environment like the .net CLR.
Yes it can be easier to read in some circumstances, and yes it would be nice. However, if you read Eric Lippert's blog, you'll often read dialogue's and hear him go on about how there are many nice features that could be implemented, but there's a lot of effort that goes into every feature, and some things just don't make the cut because in the end they can't be justified.