Which is relevant because containerd most commonly runs as root, even in Kubernetes.
And in this case. If you escaped the container, you are literally nobody. All you allowed to read is public files that any user can read.
By the way. If you use rootless container, this is the default settings you will get. Since you don't have access to uid0 at first place.
Judging by the number of HOWTOs I see on GitHub and YouTube that tell you to check the Privileged box, this assumption isn't worth what you think it is.