It would seem so. The connection is magnetic, so there's not a lot of wear. I only have the older macs (2012 / 2013), where the connector seems fairly securely attached to the case, instead of hanging off the motherboard. Don't know how the newer ones are.

I've never heard of anyone complaining about the connector wearing out or otherwise working less well after a while. What usually happens is that the cable frays around the connector, but I'd say that's not a connector problem, but rather thin plastic without enough tension relief.