There is clearly a value proposition or no one would pay for it.
I personally don't like to reward any company using the pay to not be inconvenienced model
A lot of people would rather fight adblockers (idk, literally never been an issue for me),
use xManager (oh right spotify is free) ,
Pay creators you like through patreon (or buy their shitty amazon links or merch or whatever)
Premium is just rewarding youtube for making their platform worse in order to sell premium and fuck that noise.