That's an okay workaround, but you lose part of your screen and create a thick top bezel.

As a laptop user, I want to use all available space, so what I do is to use https://topnotch.app/ (or a dark wallpaper) which makes the background of the bar black and until now I was using Bartender, which would display the hidden icons on a second bar under the original one when we clicked the icon. I barely noticed the notch.