For many, no; taking on lots of sponsorships, you can make a good amount of money (especially the ones where you agree to do X posts across Y social media accounts for Z period of time, essentially being fully sponsored across a large swath of life).
But for a lot of tech/engineering channels, it'd be immensely difficult to make the same salary as you could working at a FAANG or the like. (I'm making about half what I made when I had a W-2, but it's enough).
Exactly; especially in terms of stress—which is a major problem with my chronic illness, and both the main reason I'm happy to be away from a W-2, but also the thing that makes me most nervous as I'm dependent on marketplace healthcare (which is quite expensive for much worse benefits), and it's harder to get things like life/disability insurance as an independent.
Being a top YouTube producer is not without stress : Reacting to the change in number of followers, responding to comment that can be unpolite, managing sponsors...