Please Read the CONTRIBUTING Guidelines
In particular the portion on Commit Message Formatting

Please check if the PR fulfills these requirements

• Tests for the changes have been added (for bug fixes / features)
• Docs have been added / updated (for bug fixes / features)

What kind of change does this PR introduce? (Bug fix, feature, docs update, ...)

• Bugfix
• Feature
• Code style update (formatting, local variables)
• Refactoring (no functional changes, no api changes)
• Build related changes
• CI related changes
• Other... Please describe: Dependency upgrades

What is the current behavior? (You can also link to an open issue here)

babel-loader is loading older dependencies than necessary

What is the new behavior?

babel-loader is loading the newest possible dependency

Does this PR introduce a breaking change?

• Yes
• No

If this PR contains a breaking change, please describe the following...

• Impact:
• Migration path for existing applications:
• Github Issue(s) this is regarding:

Other information:

Since #882 raised the minimum Node version to 8.9 some dependency updates & replacements are now possible.

Note I didn't update loader-utils to version 2 since not even Webpack@5 is using it. I'm not sure what's going on with that package. Also schema-utils version3 requires Node.js 10.13 and thus can't be upgraded.