It's always a matter of increasing attacker cost. I am not sure that attacking QEMU, then finding a privilege escalation on the host that can break out of SELinux is much easier than just staying in the VM, hopping through the internal network until you find a host that lets you do what you want.

Chances are what you want is "simply" access to a shared folder rather than root.

That's a bit unfair since:

1. Most users won't be affected by all the exploits (you don't stuff in a VM all models of network cards, SCSI controllers, etc)

2. Many deployments of QEMU (through Xen or Libvirt) are protected by AppArmor/SELinux. This would at least forbid access to /proc/self/mem but I can't say if this is enough to prevent evasion. IMO, this is likely to make the task quite harder.

Even if they break out of qemu, then the best case is they've reached the level of the container or user running it.