I think the responses to your comment show the whirlwind of 'wtf?' confronting any programmer contemplating front end development for the first time.
What you wrote is probably true (and the one "see how far you can get in react only" comment is probably a decent path, but the landscape is overwhelming.
Yeah, the frontend scene definitely suffers from hype-driven development: it's not good enough that we have a tool to do the job, we need the tool to be the bestest ever on every possible metric, so we end up with a treadmill of additional frameworks, bundlers, etc. that are hyped up in any given year.
E.g., I might think to ask, "Which tool creates the output with the lesser overhead on the client, Webpack or Vite?" But I can't find anything solid about that, since everyone's too busy hyping up the dev experience or whatever.
It's a shame that you have to swim against the tide so heavily, if you value simplicity over immediate kitchen-sink levels of functionality. Personally, I've landed on pure client-side React (with any bundler, or with Babel alone if you're feeling adventurous) since it doesn't try to have any purpose other than updating components according to state. Many of its competitors have too much poorly-documented magic for my taste.
The rule does not implement the ABC test from California. Indeed, the DOL has gone on at length about why it believes it cannot do that.
Unlike the Cal Supreme Court decision in Dynamex and the subsequent AB5 legislation, which _presumes_ a worker is an employee unless their work passes each prong of the ABC test, DOL still has the burden of proof under this rule.
Your biggest risk was actually the PRO Act, and it will never pass.
And if you have multiple clients who have limited control over how you do your work, you're a bona fide independent supplier anyway.
I hear you, and have been in similar situations with an extra zero on the figure.
At the end of the day, the value wasn't in the memo itself but rather in making the person who asked you for it look competent to their boss ("yes, this agenda item is covered, we are ready for the meeting").
I make no normative judgment on whether or not that is bullshit.
Biden's EO on cyber [0] mandates the agencies move to multifactor auth and zero trust architecture. Requirements on agencies flow through to their contractors, and eventually to the industries they regulate. When most consumer banks don't even do real 2FA (miss me with SMS pls), the TAM is yuuuge.
When the EO came out there were at least five publicly traded identity companies of any size: Okta, CyberArk, Sailpoint, Ping, Forgerock. Thoma Bravo subsequently bought Sailpoint, Ping, and Forgerock at meaningful premiums (~50%). VCs notice things like this.