That’s what I was thinking too. It will end up like those “may cause cancer in California” labels. I got a kick out of a notice in the local rag about a meeting of the anti-gmo types at the local vegan restaurant. The owner of the restaurant was holding the event because “people need to know what they are eating”. Restaurants will NOT be required to label their dishes for GMO contents!
The only comparison I can think of is this.
Do you think it is a good idea for the FDA to require food manufacturers to put labels/references on products that contain peanuts, peanut oil, or peanut flour?
Many people might called that a “useless” regulation... but NO ONE who has a peanut allergy would say that.
Will it save lives?
Probably.
How many?
Hard to say.
Did prices skyrocket when producers started labeling peanut containing items?
Not that I recall.