As opposed to paying even $1/mo per channel I subscribe to, yes. Many creators have come out and said that their earnings reports show that higher-valued views come from Premium users, even though those viewers are not being served ads. It benefits them more than if I were to sit through every ad on their channel.
At the end of the day, Google's paying them more for my views than if I were an ad-viewing user. So for ~$20/mo (for family plan), that's much more financially viable for me than if I were to pay $1/mo to all 100+ creators I watch.