But it doesn't and won't. E.g. the sea level may creep up slowly, and then all of a sudden you get a giant flood or hurricane that makes a huge portion of the coast unlivable.
And regardless, if you think moving a third of humanity to vastly different lands will be hunky dory smooth sailing, you should study history.
Not just that, but the places we currently grow our food have been primed to fertility over thousands of years of relatively stable climates. If many of those areas become substantially less useful for growing crops (because of storms, temperature changes, drought, whatever have you), it's foolish to assume that we will see just as many places that haven't had millennia of vegetation growing on them become fertile.
Sea level has to actually start rising enough that the rich folks who live waterfront are affected and then we will see some geoengineering efforts or at the very least some solid seawalls.
I'm waiting for someone to figure out how to use solar + hotter temperatures + seawater to give us desalinated water