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What I've never been able to figure out is why they don't charge a small amount for storage. Letting people upload everything they want, as often as they want, in whatever resolution they want, and then keeping it forever is a fool's errand that drives the price of yt-premium up through the roof.
There's no lack of content makers, so it's not that they can't draw more people to the network. There's no competition for them to battle. At scale, the disk costs them way less than the users have to pay locally,
They could easily charge creators a pittance to host their content and give it back to them once they reach a base number of followers.