Earlier this week, Hodgson suggested that the Liverpool striker was not yet on the elite level in the world game, but Scholes thinks such a tactic from the national manager could prove costly when they play Uruguay in the World Cup.
Speaking in his Paddy Power blog, Scholes said: "Roy Hodgson has questioned whether Suarez is world class yet and challenged him to do it at the highest level.
"This can be a dangerous thing: ask David Moyes. Before Everton played Liverpool in October 2012 I remember David Moyes had a pop at Suarez about his diving.
"A few days later Suarez celebrated a goal by diving in front of Moyes in the dugout."
Uruguay lost their first game 3-1 to Costa Rica on Saturday.