As a player who does not raid or do keys, this is not a consideration to me.
I fully expect that as a late starter I will never have time for either of these. I view this as design intent. They want to keep players like me out of progression content, therefore they have given me so much to do I can never move beyond it.
But I’m okay with that. I do questing as much and as often as I can tolerate it, and make gold and collect stuff otherwise.