As an example if you rent or buy an apartment there it will come with biannual inflation adjustments. Now imagine that the government has decided this year's inflation rate is "only" 20% but your contract says you'll give two 15% increases per year to cover inflation. There are regular protests in Buenos Aires over pay increases and other issues; anyone thinking of hiring there needs to do plenty of research first.
The most aggravating gotcha for me was finding that ATMs limit withdrawls to a small amount but stick you with a large fee for your trouble - it was 92.50 pesos to withdraw 2,000 pesos. Almost 5% ATM surcharge and the locals prefer dollars to pesos anyway. It's no wonder there are people wandering around yelling "Cambio! Cambio! Cambio!" offering to sell ARG for USD.