Psychological issues can still come into play.. even for "Chads". Not to get too dark or anything but I suspect some incels are dealing with trauma from being sexually abused in the past. Such abuse can really mess up some people with the opposite sex.
If Genghis Kahn was born today, there isn't any guarantee that he'd be high status. The attributes that propel some men to greatness during one time, might backfire in another.
But yeah, men with status typically do well.. and they can compensate that with sub-par looks. That's the issue I see with many incels. They seem to look at life that is more in line with a female point of view. That looks are everything. I do wonder how many incels grow up in a mostly female dominated environment? One with no real male role models around?
Although to be fair I suspect most incels are on the younger side. A time in their lives when physical looks is all they can really show for social status. Seems like a lot of dating narratives skew to the perspective of someone who is in their 20s. When the truth is, dating dynamics are not static and changes throughout one's life stages. If anything, women probably do have it easier during their 20s, but men tend to do better during their 30s. Not if they don't get their affairs in order of course, but men and women on average face different problems. Life is neither a misogynist, nor a misandrist.