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A couple of Babel's contributors are able to work on Babel part-time at their day job, which helps keep things moving. Otherwise our team is primarily volunteers. Babel currently accepts donations on https://opencollective.com/babel, but there's an open question around how best to reinvest those donations into Babel's community to keep things going.
There are a few primary factors that come to mind: Proposals that are not syntax-related are usually left up to core-js to polyfill, and some new features just can't be polyfilled We're a volunteer team, so someone needs to come forward with the interest to implement a given proposal, and ideally keep it updated. Some stage 0 proposals are expected to iterate quickly, which it less likely that someone will want to maintain it.
I think it is mostly a question of which parts of compilation you want to learn. Babel is a pipeline for source-to-source code transformation, which means it is suited well for cases like compilation of ES* features. Most low-level compiler toolchains are going to do a lot more than that because they are converting from source code into a lower-level representation, whether that's LLVM's IR or bytecode or assembly. For a small overview of Babel you might consider looking at https://github.com/thejameskyle/the-super-tiny-compiler