Apologies, I'm sure this has been answered somewhere, but I'm not sure what to google. Please do edit my question if the terms in the title are wrong.
I have something like this:
type RowData = Record<string, unknown> & {id: string}; 
type Column<T extends RowData, K extends keyof T> = {  
  key: K; 
  action: (value: T[K], rowData: T) => void;
}
type RowsAndColumns<T extends RowData> = {
  rows: Array<T>; 
  columns: Array<Column<T, keyof T>>; 
}
And TypeScript should be able to infer the types of the action functions, by examining the shape of the rows, and what key value has been given to the column:
ie:
function myFn<T extends RowData>(config: RowsAndColumns<T>) {
}
myFn({
  rows: [
    {id: "foo", 
      bar: "bar", 
      bing: "bing", 
      bong: {
        a: 99, 
        b: "aaa"
      }
    }
  ], 
  columns: [
    {
      key: "bar", 
      action: (value, rowData) => {
          console.log(value);
      }
    },
     {
      key: "bong", 
      action: (value, rowData) => {
          console.log(value.a); //Property 'a' does not exist on type 'string | { a: number; b: string; }'.
      }
    }
  ]
}); 
Playground Link
The problem is, TypeScript seems to be deriving the type of value (value: T[K]) as 'the types of all accessible by all keys of T' rather than using just the key provided in the column object.
Why is TypeScript doing this, and how can I solve it?
What would make some good answer is defining some specific terms and concepts.
I imagine I want to change my K extends keyof T to be something like 'K is a keyof T, but only  one key, and it never changes'.
If you expect the keys of T to be a union of literals like "bong" | "bing" | ... (and not just string), then you can express a type which is itself the union of Column<T, K> for each key K in keyof T.
I usually do this via immediately indexing (lookup) into a mapped type:
type SomeColumn<T extends RowData> = {
  [K in keyof T]-?: Column<T, K>
}[keyof T]
but you can also do it via distributive conditional types:
type SomeColumn<T extends RowData> = keyof T extends infer K ?
  K extends keyof T ? Column<T, K> : never : never;
Either way, your RowsAndColumns type would then use SomeColumn instead of Column:
type RowsAndColumns<T extends RowData> = {
  rows: Array<T>;
  columns: Array<SomeColumn<T>>;
}
And this makes your desired use case work as expected without compile errors:
myFn({
  rows: [
    {
      id: "foo",
      bar: "bar",
      bing: "bing",
      bong: {
        a: 99,
        b: "aaa"
      }
    }
  ],
  columns: [
    {
      key: "bar",
      action: (value, rowData) => {
        console.log(value);
      }
    },
    {
      key: "bong",
      action: (value, rowData) => {
        console.log(value.a);
      }
    },
  ]
});
Playground link to code
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