No.
LinkedIn Premium offers advanced networking tools, insights into job postings —like seeing who posted it, and the ability to directly message recruiters, making it a valuable resource for career growth and job opportunities.
But should you pay for it?

With a bit of strategy and detective work, one can get the same Premium benefits without subscription, for example:
InMail Messaging: Premium allows to send direct messages to people outside the network, such as recruiters or potential business connections. Five per month. A similar result can be obtained using basic LinkedIn, with the ‘Personalize Invite’ when connecting with people.
Job Insights: Premium gives detailed information on job postings, such as company growth, hiring trends, and applicant comparisons. That is just information that gives minimum to no advantage in your application.
Job Applicant Insights: With Premium you can see how you compare to other applicants and what skills are most important for specific roles. This is just information with little pragmatic value.
Career Insights: Premium gives you insights into job market, industry trends, and salary data to make informed decisions. Same, little pragmatic value.
Who’s Viewed Your Profile: The subscription allows you to see who viewed your profile in the past 90 days. But if someone has chosen to view profiles in “private mode” or “semi-private mode,” you would not be able to see their identity, regardless of how ultra Premium you get. These feature is curiosity-sake only.
Advanced Search Filters: Premium allows you to use a bit more advanced filters to find job listings or people.
Learning Courses: Premium grant access to LinkedIn Learning courses to develop new skills and improve your professional expertise. Learn from YouTube, baby.
Profile Boost: Premium highlights your profile to recruiters, increasing visibility. Sure, it gives you a slight advantage with the algorithm pushing you up in the suitable candidates list — if you are a suitable candidate . Focus on strengthening your profile instead.
Tip: wait until LinkedIn offers you the free-first-month subscription (it will happen eventually), test it, and decide for yourself.