Those doing serious work may need a powered hub. Mac users might want a Thunderbolt hub or dock. Thunderbolt 4/USB 4 can handle 40 Gigabits per second traffic. So a powered external hub running into a Thunderbolt 4 port (USB-C connection) can handle a lot of accessories.
I generally disconnect things I don't need. I keep my monitor on one of my Thunderbolt ports, because the monitor power supply charges my MacBook Air through the USB-C cable. My keyboard connects through the USB-A hub on the monitor.
I use a small portable and passive dock on the other Thunderbolt port.
https://www.charjenpro.com/products/ultimatedock (It's about $85.)
It connects HDMI 4K/60fps video (when I'm on the road or presenting via a projector), Gigabit Ethernet, Two USB 3.2 ports @ 10Gbps, a headphone jack with higher fidelity audio than the Mac jack, a power delivery input for laptop charging up to 100W when I'm not using my desktop monitor (i.e.; on the road), and SD/Micro SD 4.0 UHS I/II card readers. All my current gear can connect to that dock, and my Apple charger runs right through it, to charge the laptop and power connected devices.
I highly recommend this dock for those who travel. It's worked perfectly for two years, this month. I have used it to connect to TVs, monitors, projectors, auditorium house sound systems, cameras, SSDs and hard drives, CD drives, Ethernet in hotels… and it just sits there and works.
Those doing serious work may need a powered hub. M... (