First, as suggested by the previous points, GMOs already have a strong negative image; 53% of Americans in refuse to buy genetically modified products (“GMO Facts”). Adding an extra label is unlikely to affect this statistic either way. Second, even today, with our dangerously high obesity rates (among other health issues), unhealthy foods continue to make money, so even if it’s common knowledge that something is unhealthy, the industry won't necessarily be impacted. Third, while a number as big as $400 certainly sounds intimidating, the financial impact of GMO labeling is somewhat overblown. First, let’s assume the average consumer goes grocery shopping about once per week. Spread out over 52 weeks, the costs of GMO labeling would only increase grocery bills a little less than $8 per week. (Of course, some people shop more than only once per week, making the costs even lower.) Even $8 might be a stretch; one recent study claims that companies have overestimated and that GMO labeling will only increase food bills by $2.30 per year per person (“GMO labeling will cost consumers”). If this is accurate, then labeling will hardly make a dent in the average family’s
First, as suggested by the previous points, GMOs already have a strong negative image; 53% of Americans in refuse to buy genetically modified products (“GMO Facts”). Adding an extra label is unlikely to affect this statistic either way. Second, even today, with our dangerously high obesity rates (among other health issues), unhealthy foods continue to make money, so even if it’s common knowledge that something is unhealthy, the industry won't necessarily be impacted. Third, while a number as big as $400 certainly sounds intimidating, the financial impact of GMO labeling is somewhat overblown. First, let’s assume the average consumer goes grocery shopping about once per week. Spread out over 52 weeks, the costs of GMO labeling would only increase grocery bills a little less than $8 per week. (Of course, some people shop more than only once per week, making the costs even lower.) Even $8 might be a stretch; one recent study claims that companies have overestimated and that GMO labeling will only increase food bills by $2.30 per year per person (“GMO labeling will cost consumers”). If this is accurate, then labeling will hardly make a dent in the average family’s