The Terms of service, Copyright, Guidelines and Google AdSense program techniques are included in this.
You will make money through this, because the watch time of the shorts are also counted by YouTube in Monetization.
Many people are worked on this Platform and earn through this. Through this, the viewers are also attracted and subscribe to the channel.
Every time you post a Short, it's an opportunity for your content to get a view, and that view could turn into a channel subscriber. And you make money through this.