How are people making a living out of youtube?
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Youtube shows advertisements during videos, and gets paid for this. Youtube shares some of this money with the youtube video creator.
As a rough estimate, you might get $1,500 for every million views that you get. It varies based on how many people are watching the ads and other things.
In addition, many youtubers also have Patreon accounts, where their viewers will donate money to them. Many of them get more money from Patreon than they get from the advertising money.
Also, many of them post links in their videos to products and get money when people click the links and buy things that way.
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