It depends on the source of the red dye.
When the Conquistadores came to Florida, they enslaved the Indians to pick little bugs off of Opuntia cactus pads. 40,000-60,000 of these little white fuzzy bugs yielded 1 pound of red dye. At that time, a pound of red dye was worth 40 times more than a pound of gold.
The name of this bug is Cochineal.
When synthetic dyes were created, the use of Cochineal subsided. However, in the late 1960's and early 70's, these dyes were discovered to be carcenogenic. The next time you eat a red hotdog, apply red lipstick, or take a red (pill) drug, yup, you're consuming bug guts. It is usually labeled as "carmine". Because it is an insect, persons who suffer from Asthma may have allergic reactions, and not realize why.
Here are
two pictures.
So to answer the initial question, it depends upon the source of the red dye. Today most newspapers printed in color and a slew of other applications are colored red using non-toxic soybean based dyes. But the cosmetics and hotdogs are still made from a more stable, longer lasting colorant, handy lil bugs they are.