No, not at all. In fact, you're not going to make much with adsense at all so long as you are only using it on this website, and you are using the Hubpages Ad Program.
The only adsense ads you have will be below the comments on your hubs...they're unlikely to get clicks.
You will after building up traffic, however, start seeing a penny or three here or there - or you might make much more.
If you wanted to do the Adsense gamble - you might make much more that way, but you'd have to turn off your HP Ad program ads in order to do that.
It's sort of a gamble - as by doing that you're not guaranteed anything. I used to have days where I'd make ten times what I make daily here with the HP Ad program....but then I might not make anything at all for a week or more.
So I do the HP Ad Program. If you wish to also make a decent and steady income from Adsense - then I'd suggest Blogger or Info Barrel, or another site.....but this is easily the best self publishing site on the net, and this is also the only site that I know of with something so wonderful as the HP Ad Program.