To increase your standard of living, your wages must
a. rise faster than the inflation rate
b. rise more slowly than the inflation rate
c. keep pace with the inflation rate
d. have a negative inflation rate

A. rise faster than the inflation rate

Explanation:

The term standard of living refers to the level of material comfort that an individual or group aspires to obtain or can obtain. This includes not only goods and services purchased individually, but also products and services consumed collectively, such as those provided by the public service and governments.

A standard of living determined by a group, such as a country, should be examined critically in terms of its constituent values. If the average value increases over time, but at the same time the rich become richer and the poor poorer, the group may not collectively be in better conditions. Several quantitative indicators can be used as a measure, among which are the life expectancy, access to nutritious food, security in the water supply and the availability of medical services and all the necessary complements for minors.

By all means necessary