>Get rid of manual labor and automate. This will save everyone money and there will be no labor problem. Many types of work become redundant and disappear.

The same thing can be said about genetically engineered food and farming. If a plot of land half the size of Texas can produce enough food to feed the world, what will our farmers do?

This seems to be a difficult question for some people. For me, its pretty clear that the answer is "Find a relevant job"