yeah what I fear it would happen is either all wages go down of an equivalent amount, or an inversion of wages according to job satisfaction, or a cycle on inflation with prices surging and minimum wages following

in this experiment they can test the latter, since the scale is too small to affect global pricing.

I wonder how far the 'unregulated' goes: could one pocket the monthly allowance and then live on a cheap city abroad while maintaining citizenship and privileges?

at the very least this should promote entrepreneurship: given social security that what I'd do. I can't risk anything now as I have no savings and live in a country that offer zero (monetary) supports to startups via neither private nor public capitals.