Watching stupid Call of Duty videos as a teenager is what allowed me to learn English (I am not a native English speaker) and I now owe my entire career to that.
On the other hand, proper “educational” stuff has yet to make me a penny.
Just because it doesn’t look “educational” (or should I say boring) to you doesn’t mean the kid isn’t learning stuff by watching (or listening to) the video. Chances are, those people are doing real-life stuff that is never taught in school and they would otherwise try to figure it out by themselves via trial and error.
My comment about English was just an example, when completely stupid (by my own admission) videos still somehow still managed to contribute to my life and career.
My own kids watch similar stuff quite a bit, and while I don’t enjoy watching it with them, they enjoy it and talk about it with their friends. They even make their own (private) videos for fun.
Ask any kid age six to twelve or so these days what they want to be, and most will reply “I want to be a YouTuber!”
For example, this is the kind of thing that the particular kid I know watches: https://youtu.be/5O66ssNpg_A
22 million views. So basically nothing is gained from watching these sorts of videos. But what's lost? Maybe the opportunity to connect with family members?