Their existence is surely a miserable one, from a men's point of view because they're inferior, physically, mentally and intellectualy. But they don't care about these things, those are exclusively male concerns and values, foids only care about pleasure, comfort, fun and hedonism.
So while I'm sure they absolutely do realize their inferiority, it doesn't bother them that much. Remember being a little kid, did you stress about your dad mogging you in intellect and you being inferior to him and him having authority over you? Maybe sometimes, but not that much, all you cared about was having fun and living your kid life, spending time with your buds or whatever kids do. You didn't care about those higher things.
This is how it is for foids their whole lifes, they are children and they don't care about higher values like intellect, strength, creativity, they don't care that we mog them in it.
This is why penis envy is mostly a cope IMO, only hyper masculine high testosterone foids experience it.